Magnite ( (MGNI) ) has issued an announcement.
On March 18, 2025, Magnite, Inc. announced the successful repricing of its $363 million senior secured term loan facility, reducing the interest rate by 75 basis points to Term SOFR + 3.00%. This adjustment, which follows a previous refinancing in February 2024, results in annual interest savings of over $2.7 million, with no changes to the loan’s maturity or other terms, enhancing Magnite’s financial efficiency.
More about Magnite
Magnite (NASDAQ: MGNI) is the world’s largest independent sell-side advertising company, providing technology that allows publishers to monetize content across various formats such as CTV, online video, display, and audio. The platform is trusted by leading agencies and brands for accessing high-quality ad inventory and facilitating billions of advertising transactions monthly. Magnite operates globally with offices in North America, EMEA, LATAM, and APAC.
YTD Price Performance: -18.20%
Average Trading Volume: 2,472,156
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.8B
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