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AI brief of an SEC Form 8-K · MAGNITE, INC. (MGNI)

Magnite Reprices $358 Million Term Loan and $175 Million Revolver at Lower Rates

Positive Impact 2 of 5 financing Written later

Magnite amended its credit agreement on October 7, 2026, cutting the interest margin on its $358 million term loan by 50 basis points to Term SOFR + 2.50%. The margin on its $175 million revolving credit facility also fell, to a range of Term SOFR + 2.50% to 3.00%, and the company estimates about $1.8 million in annualized cash interest savings. Maturities are unchanged, so the change lowers borrowing costs without altering the loan terms' timing.

Key points

  • Term loan margin cut 50 basis points to Term SOFR + 2.50%, from Term SOFR + 3.00%
  • Revolver margin range lowered to Term SOFR + 2.50%-3.00%, from 3.50%-4.00%
  • Company estimates about $1.8 million in annualized cash interest savings
  • Term loan maturity remains February 2031; revolver matures February 2029

The filing

CompanyMAGNITE, INC. (MGNI)
Form8-K, current report
Filed with the SECOct 7, 2026, 4:32 PM ET
Accession number0001193125-26-417011

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.