MGNI Magnite Inc

Magnite Successfully Completes Second Term Loan Repricing

Magnite Successfully Completes Second Term Loan Repricing

Reduces Interest Rate by an Additional 75 Basis Points

Over $2.7 Million 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. The interest rate improvement represents a cumulative reduction of 200 basis points compared to the rate prior to the refinancing of the Term Loan in February of 2024. There are no changes to the maturity of the Term Loan following this repricing, and all other terms are substantially unchanged.

About Magnite

We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

Investor Relations Contact

Nick Kormeluk

(949) 500-0003



EN
18/03/2025

Underlying

MGNIMagnite Inc

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Magnite Inc

 PRESS RELEASE
Free
MGNI MAGNITE INC

Digital News Publishers Association (DNPA) Adopts Magnite Access to St...

Digital News Publishers Association (DNPA) Adopts Magnite Access to Streamline Access to Premium Inventory and Audience Data MUMBAI, India, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, and the Digital News Publishers Association (DNPA), which represents 22 of India’s leading news media publishers, today announced that several DNPA members have adopted Magnite Access. DNPA publishers will leverage Magnite’s self-service tool for discovering and activating first- and third-party audience segments to streamline access to prem...

October 8, 2025 1 EN
 PRESS RELEASE
Free
MGNI MAGNITE INC

Magnite to Announce Third Quarter 2025 Financial Results on November 5...

Magnite to Announce Third Quarter 2025 Financial Results on November 5, 2025 NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, will announce its financial results for the third quarter ended September 30, 2025 after the market close on Wednesday, November 5, 2025. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call   Toll free number:  (844) 875-6911 (for domestic callers)Direct dial number:  (412) 902-6511 (for interna...

October 6, 2025 1 EN
 PRESS RELEASE
Free
MGNI MAGNITE INC

Magnite To Unify Curation and Activation Within ClearLine

Magnite To Unify Curation and Activation Within ClearLine Update simplifies discovery, packaging, and activation across the company’s premium supply relationships NEW YORK, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced the evolution of ClearLine, to unify curation and activation across the company’s premium omnichannel footprint. Coming soon in beta, the ClearLine update will enable buyers and curators to discover, package, and activate inventory in one platform with the most comprehensive access to differ...

October 1, 2025 1 EN
 PRESS RELEASE
Free
MGNI MAGNITE INC

Magnite Files Lawsuit Against Google

Magnite Files Lawsuit Against Google Seeks Damages and Other Remedies Relating to Unlawful Monopoly in Ad Tech Following U.S. District Court Ruling NEW YORK, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, announced that it had filed a lawsuit in the U.S. District Court for the Eastern District of Virginia against Google seeking financial damages and other remedies, in light of the April 2025 U.S. District Court’s ruling, which found Google had "willfully engaged in a series of anticompetitive acts to acquire and maintain ...

September 16, 2025 1 EN
 PRESS RELEASE
Free
MGNI MAGNITE INC

Magnite Acquires streamr.ai to Unlock Small Business Advertising Spend...

Magnite Acquires streamr.ai to Unlock Small Business Advertising Spend for CTV Publishers Company to offer streamr.ai’s tech to its ecosystem partners for their SMB clients NEW YORK, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, today announced the acquisition of streamr.ai, a platform specializing in AI tools that make Connected Television (CTV) advertising accessible to Small and Medium-sized Businesses (SMBs)—a large and growing revenue opportunity for CTV publishers. Magnite will offer streamr.ai’s technology to its...

September 9, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch