On September 30, 2026, Teads Holding Co., OT Midco Inc., and certain of its subsidiaries entered into a four-year US$125 million non-recourse accounts receivable (A/R) financing facility. The proceeds from the borrowing will be used to fund a portion of the purchase price of the A/R acquired from certain of the company’s subsidiaries and for general corporate purposes.
Latham & Watkins LLP represented Sound Point in the financing with a cross-border team led by partners Stelios Saffos, Global Chair of Latham’s Capital Markets and Hybrid Capital practices, John Sobolewski, Global Chair of Latham’s Liability Management Practice and Global Vice Chair of the Capital Markets Practice, Andrew Parlen, US Chair of Latham’s Restructuring Practice, Max Silverstein, Joel Weinberger, and Patrick Leftley, with associate Jaime Hall. Advice was also provided on tax matters by partner Elena Romanova and associate Sam Yang.
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