Magnite reprices $364M term loan, cuts rate 75 bps to SOFR+3.75%

MAGNITE, INC.

Interest rate reduced by 75 basis points from SOFR+4.5% to SOFR+3.75%.
Repricing on $364 million term loan yields over $2.7 million in annual interest savings.
Term loan maturity remains February 2031; all other terms substantially unchanged.
No impact on Magnite's convertible notes (due March 2026) or undrawn revolver (due Feb 2029).
Cumulative rate reduction since February 2024 refinancing totals 125 basis points.

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