Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MAGNITE, INC. incurred credit facility of $365 million seven-year senior secured term loan facility and a $175 million senior secured revolving credit facility with Morgan Stanley Senior Funding, Inc. as term loan administrative agent and Citibank, N.A. as revolving facility administrative agent and collateral agent, and other lender parties thereto at (1) for the term loans, at the Company’s election, Term SOFR (as defined in the maturing seven years.
- Instrument
- credit facility
- Principal
- $365 million seven-year senior secured term loan facility and a $175 million senior secured revolving credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc. as term loan administrative agent and Citibank, N.A. as revolving facility administrative agent and collateral agent, and other lender parties thereto
- Rate
- (1) for the term loans, at the Company’s election, Term SOFR (as defined in the
- Maturity
- seven years
- Event
- incurrence
Exact text from the filing
On February 6, 2024, Magnite, Inc. (the “Company”) entered into a credit agreement (the “Credit Agreement”) with Morgan Stanley Senior Funding, Inc. as term loan administrative agent and Citibank, N.A. as revolving facility administrative agent and collateral agent, and other lender parties thereto. The Credit Agreement provides for a $365 million seven-year senior secured term loan facility and a $175 million senior secured revolving credit facility.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MAGNITE, INC. terminated Existing Credit Agreement with Goldman Sachs Bank USA (effective 2024-02-06).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Goldman Sachs Bank USA
- Effective
- 2024-02-06
Exact text from the filing
On February 6, 2024, the net proceeds received by the Company under the term loan facility pursuant to the Credit Agreement were used, among other things, to terminate the Existing Credit Agreement and repay in full the outstanding facilities under the Existing Credit Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MAGNITE, INC. entered into Credit Agreement with Morgan Stanley Senior Funding, Inc., Citibank, N.A., and other lender parties valued at $365 million term loan facility and $175 million revolving credit facility (effective 2024-02-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc., Citibank, N.A., and other lender parties
- Value
- $365 million term loan facility and $175 million revolving credit facility
- Effective
- 2024-02-06
Exact text from the filing
On February 6, 2024, Magnite, Inc. (the “Company”) entered into a credit agreement (the “Credit Agreement”) with Morgan Stanley Senior Funding, Inc. as term loan administrative agent and Citibank, N.A. as revolving facility administrative agent and collateral agent, and other lender parties thereto.
View on SEC.gov