secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001595974-24-000004
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000004/0001595974-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000004/mgni-20240122.htm
  HTML page:      https://secwatch.observer/filing/0001595974-24-000004

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