Financing ·
Magnite reprices $358M term loan and $175M revolver, cutting rates to save $1.8M annually
MGNIMagnite, Inc.
Magnite completed the third repricing of its $358 million senior secured Term Loan B due February 2031 and repriced its $175 million Revolving Credit Facility maturing in February 2029. The amendment reduces the term loan margin by 50 basis points to Term SOFR plus 2.50%, while the revolving facility margin is reduced by 100 basis points to a range of 2.50% to 3.00%. These changes generate approximately $1.8 million in annualized interest savings and represent a cumulative reduction of 250 basis points for the term loan since February 2024. Maturities and other material terms remain substantially unchanged. Magnite operates as the world's largest independent sell-side advertising company, providing technology to help publishers monetize content across screens.