Magnite (MGNI) has released an update to notify the public and investors about a regulation fd disclosure.
Magnite, Inc. announced plans to refinance its existing $360 million Term Loan B and $65 million revolving credit facility with a new senior secured credit facility. Additionally, the Company has been executing a Repurchase Plan, approved by its board on August 4, 2023, to buy back up to $100 million worth of common stock or convertible senior notes. By the end of 2023, they had repurchased $70 million worth of notes for $60.7 million, leaving $9.5 million available for further repurchases under the plan, with $205.1 million in convertible notes remaining outstanding.
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