Magnite Successfully Completes Term Loan and Revolving Credit Facility Repricing
Globe Newswire•07/10/2026•16:05 ET
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Key Highlights
- ➤Term Loan B rate cut 50 basis points to Term SOFR + 2.50%
- ➤Annualized cash interest savings approximately $1.8 million
- ➤Revolving facility margin reduced 100 basis points to 2.5%-3.0%
- ➤Term Loan remains due February 2031; other terms substantially unchanged
Expert Statements
Brian Gephart, CFO of Magnite
“The successful repricing of both our Term Loan B and Revolving Credit Facility reflects the continued strength of our balance sheet, robust cash flow generation, and the ongoing confidence of our lending partners in Magnite's long-term growth trajectory.”
Brian Gephart, CFO of Magnite
“By driving down our borrowing costs across both facilities, we have reduced our annualized interest expense by an additional $1.8 million.”
Brian Gephart, CFO of Magnite
“Lowering our cost of capital provides us with enhanced financial flexibility while better optimizing value for our shareholders.”
Reduces Term Loan B Interest Rate by an Additional 50 Basis Points
Generates Approximately $1.8 Million in Annualized Interest Savings
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