secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2026-10-07T20:32:21+00:00
Accession:  0001193125-26-417011
Event type: debt
Sentiment:  positive
Materiality: 0.35
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000119312526417011/0001193125-26-417011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000119312526417011/d149525d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-417011

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