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Magnite (NASDAQ:MGNI) introduced its intention to refinance its excellent senior secured credit score services. The corporate intends to interchange its current credit score services, consisting of a $360M time period mortgage facility and a $65M revolving credit score facility with a brand new senior secured time period mortgage facility with an anticipated seven-year maturity and a brand new senior secured revolving credit score facility with an anticipated five-year maturity. The corporate expects to acquire a brand new time period mortgage comparable in dimension to the unique time period mortgage facility and to extend the dimensions of the revolving credit score facility. The web proceeds of the brand new credit score services might be used to repay the prevailing credit score services in full and for charges and bills in connection therewith, and for basic company functions and dealing capital of the corporate and its subsidiaries MGNI inventory worth dropped 2.2% on Monday throughout pre-market buying and selling.
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