---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-056671"
form_type: "8-K"
ticker: "MGNI"
cik: "0001595974"
company_name: "MAGNITE, INC."
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T13:40:29.485862+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-056671
- form_type: 8-K
- ticker: MGNI
- cik: 0001595974
- company_name: MAGNITE, INC.
- filed_at: 2025-03-18T23:59:59+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/1595974/000119312525056671/0001193125-25-056671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595974/000119312525056671/d942988d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-056671
- JSON: https://secwatch.observer/filing/0001193125-25-056671.json
- Plain text: https://secwatch.observer/filing/0001193125-25-056671.txt

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