Market News / Story
Magnite Reprices Credit Facilities, Cutting Term Loan to SOFR +2.50% and Revolver to 2.50%-3.00%
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Magnite entered into Amendment No. 3 to its Credit Agreement, reducing interest margins on its term loan and revolving credit facility. The term loan margin decreases by 50 basis points to Term SOFR + 2.50%, while the revolving loan margin range is lowered to Term SOFR + 2.50%–3.00% from 3.50%–4.00%. The repricing is expected to reduce borrowing costs and enhance financial flexibility. Agreement details: Agreement type : Amendment No. 3 to Credit Agreement (term loan…