Magnite announces closing of $400 million of convertible notes

Los angeles--(business wire)--magnite (nasdaq: mgni) today announced that it has closed its offering of $400 million aggregate principal amount of 0.25% convertible senior notes due 2026 (the “notes”), including the full exercise of the option to purchase $50 million of additional notes granted by magnite to the initial purchasers. the notes were issued in a private placement to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “act”). the of
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