---
schema_version: "secwatch.filing_event.v1"
accession: "0001595974-24-000004"
form_type: "8-K"
ticker: "MGNI"
cik: "0001595974"
company_name: "MAGNITE, INC."
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:40:04.581279+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Magnite plans refinancing of $360M term loan and $65M revolver; bought back $70M convert notes in Q4

## Summary
- Magnite intends to replace $360M term loan (due 2028) and $65M revolver (due 2025) with new 7-year term loan and enlarged 5-year revolver.
- New credit facilities expected to have similar term loan size but larger revolver; subject to market conditions.
- In Q4 2023, repurchased $70.0M of convertible notes for $60.7M under $100M repurchase plan; $9.5M remains available.
- As of Dec 31, 2023, outstanding term loan $351.0M, convertible notes $205.1M, no revolver borrowings.

## SEC filing metadata
- accession: 0001595974-24-000004
- form_type: 8-K
- ticker: MGNI
- cik: 0001595974
- company_name: MAGNITE, INC.
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595974/000159597424000004/0001595974-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595974/000159597424000004/mgni-20240122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001595974-24-000004
- JSON: https://secwatch.observer/filing/0001595974-24-000004.json
- Plain text: https://secwatch.observer/filing/0001595974-24-000004.txt

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