StocksMedium•7 October 2026•
1 min read
Magnite Reprices $358 Million Term Loan to Reduce Interest Costs
Key Facts
1Magnite announced a 50 basis point reduction in the interest rate on its $358 million senior secured term loan facility.
2The repricing is expected to generate approximately $1.8 million in annualized interest savings for the company.
Magnite announced a 50 basis point reduction in the interest rate on its $358 million senior secured term loan facility. GlobeNewswire reported that the repricing, which applies to the loan due in 2031, lowers the interest rate to Term SOFR plus 2.50%, while also covering the company's $175 million revolving credit facility.
The repricing is expected to generate approximately $1.8 million in annualized interest savings as the company seeks to optimize its capital structure. MGNI closed at $24.84 on October 6, 2026, prior to the announcement of these improved borrowing terms.