Business context and reporting period
Magnite, Inc. filed this Form 8-K on October 7, 2026, reporting that it entered into Amendment No. 3 to its February 6, 2024 Credit Agreement. The amendment reprices the company’s term loans and revolving credit facility.
Key financial terms
- Term loans bearing interest at Term SOFR: applicable margin reduced by 50 basis points, from Term SOFR + 3.00% to Term SOFR + 2.50%.
- Revolving loans: applicable margin reduced from Term SOFR + 3.50%–4.00% to Term SOFR + 2.50%–3.00%.
- The filing does not provide a clear value for debt principal, expected interest expense savings, fees, maturity dates, or current liquidity.
- No revenue, profit, cash flow, or operating-margin information is reported in this filing.
Material change versus prior terms
The amendment lowers the applicable interest margins on both term and revolving borrowings compared with the previous pricing. The filing does not quantify the resulting savings.
Outlook, risks, and other items
The filing provides no financial guidance or management commentary beyond announcing the repricing. It does not describe additional contingencies or unusual items. The full amendment is incorporated by reference as Exhibit 10.1; the company’s press release is Exhibit 99.1.
Important facts for investors to verify
- Review Exhibit 10.1 for the complete amended credit terms, including any conditions, fees, or other changes not summarized in the filing.
- Confirm outstanding loan balances and calculate the effect of the lower margins on interest expense.
- Check the press release and subsequent filings for additional details on the repricing and its expected financial impact.