The repricing reduces Magnite's cost of capital and signals strong lender confidence. Monitor upcoming quarterly filings for evidence of continued cash flow generation and potential further debt reduction or shareholder returns.
Price Chart
Executive Summary
Magnite completed Amendment No. 3 to its credit agreement, repricing its $358 million term loan B by 50 basis points to Term SOFR + 2.50% and its $175 million revolving credit facility by 100 basis points to Term SOFR + 2.50% - 3.00%. The repricing is expected to generate approximately $1.8 million in annualized interest savings, with no changes to maturities or other material terms.
Key Facts
- Term loan B repriced by 50 bps to Term SOFR + 2.50% (from Term SOFR + 3.00%)
- Revolving credit facility repriced by 100 bps to Term SOFR + 2.50% - 3.00% (from Term SOFR + 3.50% - 4.00%)
- Approximately $1.8 million in annualized cash interest savings expected
- Term loan maturity unchanged at February 6, 2031
- Revolving facility maturity unchanged at February 6, 2029
- Aggregate term loan commitments as of Amendment No. 3 Effective Date: $357,729,622.05
- New Amendment No. 3 Initial Term Loan Commitment from Morgan Stanley Bank, N.A.: $64,905,152.79
Financial Impact
Approximately $1.8 million in annualized cash interest savings from term loan repricing
Risk Factors
- Interest rate risk if Term SOFR rises significantly, partially offsetting the margin reduction
- No change to principal repayment obligations or maturity profile
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-417011 |
| Document: d149525d8k.htm | 0001193125-26-417011 |
| Document: d149525dex991.htm | 0001193125-26-417011 |
| Document: 0001193125-26-417011-index-headers.html | 0001193125-26-417011 |
| Document: 0001193125-26-417011-index.html | 0001193125-26-417011 |
| Document: 0001193125-26-417011.txt | 0001193125-26-417011 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | 8-K | $25.45 | awaiting T+20 | — | $21.62 (−15.05%) |
Sep 21, 2026 5w ago | 8-K | $24.80 $23.81 | ▼ −3.99% | ▼ −3.43% | $21.62 (−12.82%) |
Sep 18, 2026 5w ago | Insider Cluster | $25.31 $23.55 | ▲ +6.95% | ▲ +6.05% | $21.62 (+14.58%) |
Sep 17, 2026 5w ago | 144 | $25.15 $23.37 | ▼ −7.08% | ▼ −7.28% | $21.62 (−14.04%) |
Sep 17, 2026 5w ago | 144 | $25.15 $23.37 | ▼ −7.08% | ▼ −7.28% | $21.62 (−14.04%) |
Sep 16, 2026 6w ago | Insider Cluster | $25.63 $24.48 | ▲ +4.49% | ▲ +5.94% | $21.62 (+15.65%) |
Sep 11, 2026 6w ago | Insider Cluster | $23.84 $25.08 | ▲ +5.20% | ▲ +2.68% | $21.62 (−9.31%) |
Sep 10, 2026 6w ago | Insider Cluster | $23.77 $25.40 | ▲ +6.86% | ▲ +4.74% | $21.62 (−9.05%) |
Sep 10, 2026 6w ago | Press Release | $23.55 $25.45 | ▲ +8.07% | ▲ +5.94% | $21.62 (−8.20%) |
Sep 3, 2026 7w ago | Insider Cluster | $24.14 $24.96 | ▲ +3.40% | ▲ +2.54% | $21.62 (−10.44%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers