Magnite Successfully Completes Second Term Loan Repricing
Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, has announced a second successful repricing of its $363 million senior secured term loan facility 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%, resulting in yearly interest savings of over $2.7 million.
This 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 2024. The maturity date and other terms remain substantially unchanged.
Magnite (NASDAQ: MGNI), la più grande azienda indipendente di pubblicità sell-side al mondo, ha annunciato un secondo successo nella rinegoziazione della sua linea di prestito garantita senior da 363 milioni di dollari in scadenza a febbraio 2031. Questa rinegoziazione riduce il tasso d'interesse di 75 punti base a Term SOFR + 3,00% rispetto al tasso precedente di Term SOFR + 3,75%, portando a un risparmio annuale sugli interessi di oltre 2,7 milioni di dollari.
Questo miglioramento del tasso d'interesse rappresenta una riduzione cumulativa di 200 punti base rispetto al tasso precedente alla rifinanziamento del prestito a termine nel febbraio 2024. La data di scadenza e altri termini rimangono sostanzialmente invariati.
Magnite (NASDAQ: MGNI), la mayor empresa independiente de publicidad sell-side del mundo, ha anunciado una segunda reprogramación exitosa de su facilidad de préstamo a plazo senior garantizada de 363 millones de dólares con vencimiento en febrero de 2031. La reprogramación reduce la tasa de interés en 75 puntos básicos a Term SOFR + 3,00% desde la tasa anterior de Term SOFR + 3,75%, resultando en ahorros anuales en intereses de más de 2,7 millones de dólares.
Esta mejora en la tasa de interés representa una reducción acumulativa de 200 puntos básicos en comparación con la tasa anterior al refinanciamiento del préstamo a plazo en febrero de 2024. La fecha de vencimiento y otros términos permanecen sustancialmente sin cambios.
Magnite (NASDAQ: MGNI), 세계 최대의 독립적인 셀사이드 광고 회사가 3억 6천 3백만 달러의 선순위 담보 대출 시설을 2031년 2월 만기로 두 번째 성공적으로 재조정했다고 발표했습니다. 이 재조정으로 이자율이 75베이시스 포인트 낮아져 Term SOFR + 3.00%로 조정되었으며, 이전 이자율인 Term SOFR + 3.75%에서 연간 270만 달러 이상의 이자 절감 효과를 가져옵니다.
이 이자율 개선은 2024년 2월의 대출 재융자 이전의 이자율에 비해 200베이시스 포인트의 누적 감소를 나타냅니다. 만기일 및 기타 조건은 실질적으로 변경되지 않았습니다.
Magnite (NASDAQ: MGNI), la plus grande entreprise indépendante de publicité sell-side au monde, a annoncé une deuxième réévaluation réussie de sa facilité de prêt senior garanti de 363 millions de dollars arrivant à échéance en février 2031. Cette réévaluation réduit le taux d'intérêt de 75 points de base à Term SOFR + 3,00% par rapport au taux précédent de Term SOFR + 3,75%, entraînant des économies annuelles d'intérêts de plus de 2,7 millions de dollars.
Cette amélioration du taux d'intérêt représente une réduction cumulative de 200 points de base par rapport au taux avant le refinancement du prêt à terme en février 2024. La date d'échéance et d'autres conditions restent largement inchangées.
Magnite (NASDAQ: MGNI), das weltweit größte unabhängige Sell-Side-Werbeunternehmen, hat eine zweite erfolgreiche Neufestsetzung seiner senior gesicherten Terminkreditfazilität in Höhe von 363 Millionen US-Dollar, die im Februar 2031 fällig ist, bekannt gegeben. Die Neufestsetzung senkt den Zinssatz um 75 Basispunkte auf Term SOFR + 3,00% im Vergleich zum vorherigen Satz von Term SOFR + 3,75%, was zu jährlichen Zinsersparnissen von über 2,7 Millionen US-Dollar führt.
Diese Verbesserung des Zinssatzes stellt eine kumulative Reduzierung von 200 Basispunkten im Vergleich zum Satz vor der Refinanzierung des Terminkredits im Februar 2024 dar. Das Fälligkeitsdatum und andere Bedingungen bleiben weitgehend unverändert.
- Interest rate reduction of 75 basis points on $363M term loan
- Annual interest payment savings of $2.7 million
- Cumulative interest rate reduction of 200 basis points since February 2024
- None.
Reduces Interest Rate by an Additional 75 Basis Points
Over
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
The repricing reduces the interest rate by 75 basis points to Term SOFR +
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
nkormeluk@magnite.com
FAQ
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