The Marcus Corporation Announces New $90.8 Million Financing and Amendment to Credit Agreement
Marcus Corporation (The) (MCS)
Last marcus corporation (the) earnings: 2/20 07:45 am
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US:NYSE Investor Relations:
investors.marcuscorp.com/node/5806
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Source: Business Wire
Credit agreement amendment solidifies already strong balance sheet; company temporarily suspends quarterly dividend payments and takes additional steps to address impact of COVID-19 pandemic MILWAUKEE--(BUSINESS WIRE)--The Marcus Corporation (NYSE: MCS) today announced it has entered into a First Amendment to Credit Agreement, (the “Amendment”) dated April 29, 2020, among the company and several banks, including JPMorgan Chase Bank, N.A., as administrative agent, and U.S. Bank National Association, as syndication agent. The Amendment amends the company’s existing credit agreement dated January 9, 2020.The Amendment provides a new $90.8 million 364-day Senior Term Loan A to further solidify The Marcus Corporation’s already strong balance sheet. The company intends to use proceeds from the Term Loan A to repay borrowings under its existing $225 million revolving credit facility, to pay costs and expenses related to the Amendment, and for general corporate purposes.The Amendment also
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MCS
Earnings
- 10/31/24 - Beat
MCS
Sec Filings
- 12/3/24 - Form SC
- 12/2/24 - Form 4
- 11/26/24 - Form 144
- MCS's page on the SEC website