Brief: Outbrain Issues Statement Regarding The Events Surrounding Silicon Valley Bank

Teads Holding

11/03/2023 22:10

March 11 (Reuters) - Outbrain Inc  OB.O :
    * OUTBRAIN ISSUES STATEMENT REGARDING THE EVENTS SURROUNDING
SILICON VALLEY BANK
    * LESS THAN 5% OF OUR CURRENT CASH, CASH EQUIVALENTS AND
INVESTMENTS IN MARKETABLE SECURITIES IS HELD BY SVB
    * ALSO HAVE AN UNDRAWN REVOLVING CREDIT FACILITY WITH SVB,
AND
COMPANY DOES NOT FORESEE ANY NEAR-TERM NEEDS TO DRAW UPON THIS
FACILITY
    * SVB IS ALSO COUNTERPARTY TO OUR FORWARD FOREIGN CURRENCY
HEDGE
CONTRACTS
    * DO NOT ANTICIPATE A MATERIAL IMPACT ON OUR FINANCIAL
CONDITION
OR ON OUR OPERATIONS

Source text for Eikon:  ID:nGNX232t8c 
Further company coverage:  OB.O 

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