{"schema_version":"secwatch.filing_event.v1","accession":"0000062234-23-000047","form_type":"8-K","ticker":"MCS","cik":"0000062234","company_name":"MARCUS CORP","filed_at":"2023-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.739210+00:00","generated_at":"2026-06-09T19:16:13.251876+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Marcus Corp. enters $225M revolving credit facility maturing Oct 2028, revises covenants","bullets":["New five-year $225M revolver matures Oct 16, 2028; interest rates tied to net leverage ratio.","Net leverage ratio covenant set at 3.50:1 (4.00:1 after material acquisitions ≥$30M); interest coverage ≥3.00:1.","Collateral excludes hotel and certain theatre properties; senior notes basket increased to $100M outstanding.","Fourth amendment to Note Purchase Agreements aligns covenants and collateral with new credit agreement.","Applicable margin initially 1.75% for SOFR loans and 0.75% for ABR loans; facility fee of 0.25%."],"urls":{"canonical":"https://secwatch.observer/filing/0000062234-23-000047","json":"https://secwatch.observer/filing/0000062234-23-000047.json","markdown":"https://secwatch.observer/filing/0000062234-23-000047.md","text":"https://secwatch.observer/filing/0000062234-23-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/62234/000006223423000047/0000062234-23-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/62234/000006223423000047/mcs-20231016.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T19:16:13.251876+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b0c5aa0a7e48b5e093c8b7f80b07b130fde830ab","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/62234/000006223423000047/0000062234-23-000047-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"Not applicable (amendment only, no principal change)"},{"label":"Counterparty","value":"certain purchasers"},{"label":"Rate","value":"4.32% Senior Notes due February 22, 2027 and 4.02% Senior Notes due August 14, 2"},{"label":"Maturity","value":"February 22, 2027 and August 14, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"0fda4576fa0c7451971a8129bef9d80e740be467","claim":"MARCUS CORP amended Note Amendments with certain purchasers (effective 2023-10-16).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/62234/000006223423000047/0000062234-23-000047-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain purchasers"},{"label":"Effective","value":"2023-10-16"}],"fact_type":"material_agreement"},{"claim_id":"871c901babc9192223c634f128a73d2df188cae8","claim":"MARCUS CORP amended Sixth Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $225 million (effective 2023-10-16).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/62234/000006223423000047/0000062234-23-000047-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"$225 million"},{"label":"Effective","value":"2023-10-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}