secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2025-03-18T23:59:59+00:00
Accession:  0001193125-25-056671
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000119312525056671/0001193125-25-056671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000119312525056671/d942988d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-056671

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer