Magnite, Inc.: credit agreement amendment reduces loan margins

What happened

• Magnite, Inc. announced it entered into Amendment No. 3 to its Credit Agreement on Oct 7, 2026. The amendment was among the company, Morgan Stanley Senior Funding, Inc., as term facility administrative agent, Citibank, N.A., as revolving facility administrative agent, collateral agent and swingline lender, and the lenders party thereto. The company also issued a press release announcing entry into Amendment No. 3.

Key details

• The applicable margin for term loans bearing interest at Term SOFR was reduced by 50 basis points to Term SOFR + 2.50% (from Term SOFR + 3.00%).
• The applicable margin for revolving loans was reduced to Term SOFR + a margin ranging from 2.50% to 3.00% (from the previous range of Term SOFR + 3.50% to 4.00%).
• The amendment is attached to the filing as Exhibit 10.1 and the press release is attached as Exhibit 99.1.

Why it may matter

• Item 1.01 reports entry into a material definitive agreement (Amendment No. 3 to the Credit Agreement) and Item 7.01 reports the related press release; these items cover the amendment and the disclosure of that amendment. The filing does not show why the insider traded or why the company acted.