---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-417011"
form_type: "8-K"
ticker: "MGNI"
cik: "0001595974"
company_name: "MAGNITE, INC."
filed_at: "2026-10-07T20:32:21+00:00"
generated_at: "2026-10-12T15:49:27.744010+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Magnite reprices $358M Term Loan B to SOFR+2.50%, cutting 50bps; ~$1.8M annual interest savings

## Summary
- Amendment No. 3 to the Feb 6, 2024 credit agreement cuts the Term Loan B margin by 50bps to Term SOFR + 2.50% (from 3.00%); the $358M term loan still matures February 2031.
- Revolving credit facility margin cut 100bps: borrowings on the $175M facility now bear Term SOFR + 2.50%-3.00%, down from 3.50%-4.00%; revolver matures February 2029.
- Magnite estimates the repricing yields approximately $1.8M in annualized cash interest savings, a cumulative 250bps reduction versus the rate before the February 2024 term loan refinancing.
- CFO Brian Gephart credits balance-sheet strength and cash flow generation; all other material terms on both facilities remain substantially unchanged.

## SEC filing metadata
- accession: 0001193125-26-417011
- form_type: 8-K
- ticker: MGNI
- cik: 0001595974
- company_name: MAGNITE, INC.
- filed_at: 2026-10-07T20:32:21+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595974/000119312526417011/0001193125-26-417011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595974/000119312526417011/d149525d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-417011
- JSON: https://secwatch.observer/filing/0001193125-26-417011.json
- Plain text: https://secwatch.observer/filing/0001193125-26-417011.txt

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