Magnite reprices $363M term loan, cuts rate by 75 bps to SOFR+3.00%

MAGNITE, INC.

Interest rate reduced by 75 bps to Term SOFR + 3.00% from prior SOFR + 3.75%.
Yearly interest savings estimated at over $2.7 million.
Cumulative rate reduction of 200 bps since Feb 2024 refinancing; maturity unchanged at Feb 2031.
All other terms of the senior secured term loan facility substantially unchanged.

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