Magnite successfully completes second term loan repricing

Reduces interest rate by an additional 75 basis points over $2.7 m illion in yearly interest payment savings new york, march 18, 2025 (globe newswire) -- magnite (nasdaq: mgni), the world's largest independent sell-side advertising company, today announced the second successful repricing of its $363 million senior secured term loan facility (term loan) due february 2031. the repricing reduces the interest rate by 75 basis points to term sofr + 3.00% from the previous rate of term sofr + 3.75% and will result in yearly interest savings of over $2.7 million.
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