---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-221440"
form_type: "8-K"
ticker: "MGNI"
cik: "0001595974"
company_name: "MAGNITE, INC."
filed_at: "2024-09-18T23:59:59+00:00"
generated_at: "2026-05-31T03:58:29.903299+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-221440
- form_type: 8-K
- ticker: MGNI
- cik: 0001595974
- company_name: MAGNITE, INC.
- filed_at: 2024-09-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595974/000119312524221440/0001193125-24-221440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595974/000119312524221440/d895917d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-221440
- JSON: https://secwatch.observer/filing/0001193125-24-221440.json
- Plain text: https://secwatch.observer/filing/0001193125-24-221440.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.