secwatch / observer
8-K filed October 20, 2023, 7:59 PM ET ticker MCS CIK 0000062234
debt confidence high sentiment neutral materiality 0.60

MARCUS CORP (MCS): debt financing — Marcus Corp. enters $225M revolving credit facility maturing Oct 2028, revises covenants

MARCUS CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MARCUS CORP amended senior notes of Not applicable (amendment only, no principal change) with certain purchasers at 4.32% Senior Notes due February 22, 2027 and 4.02% Senior Notes due August 14, 2 maturing February 22, 2027 and August 14, 2025.

Instrument
senior notes
Principal
Not applicable (amendment only, no principal change)
Counterparty
certain purchasers
Rate
4.32% Senior Notes due February 22, 2027 and 4.02% Senior Notes due August 14, 2
Maturity
February 22, 2027 and August 14, 2025
Event
amendment
Exact text from the filing
On October 16, 2023, the Company and certain purchasers entered into an amendment to: (i) the Note Purchase Agreement, dated December 21, 2016, for the Company’s 4.32% Senior Notes due February 22, 2027, and (ii) the Note Purchase Agreement, dated June 27, 2013, for the Company’s 4.02% Senior Notes due August 14, 2025
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MARCUS CORP amended Note Amendments with certain purchasers (effective 2023-10-16).

Action
amendment
Agreement
notes offering
Counterparty
certain purchasers
Effective
2023-10-16
Exact text from the filing
On October 16, 2023, the Company and certain purchasers entered into an amendment to: (i) the Note Purchase Agreement, dated December 21, 2016, for the Company’s 4.32% Senior Notes due February 22, 2027, and (ii) the Note Purchase Agreement, dated June 27, 2013, for the Company’s 4.02% Senior Notes due August 14, 2025 (collectively, the “Note Amendments” and such Note Purchase Agreements, as previously amended and as amended by the Note Amendments, the “Closing NPAs”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MARCUS CORP amended Sixth Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $225 million (effective 2023-10-16).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Value
$225 million
Effective
2023-10-16
Exact text from the filing
On October 16, 2023, The Marcus Corporation (the “Company”) entered into a Sixth Amendment (the “Amendment”) to its Credit Agreement, dated as of January 9, 2020, among the Company, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (as previously amended, the “Credit Agreement” and, as amended by the Amendment, the “Closing Credit Agreement”), which provides for a new five-year revolving credit facility that matures on October 16, 2028, with an aggregate amount of available borrowings of $225 million.
View on SEC.gov

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MARCUS CORP filing history →

Source: SEC EDGAR
accession 0000062234-23-000047
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