secwatch.observer — SEC 8-K summary
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Issuer:     MARCUS CORP (MCS)
CIK:        0000062234
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001104659-24-101476
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marcus Corp to repurchase $13.5M of convertible notes due 2025; net cash outlay ~$15.3M after capped call unwind
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- Enters purchase agreements to exchange $13.5M aggregate principal of 5% convertible notes due 2025 for cash.
- Final repurchase price ~$19.9M based on VWAP of $14.86; net cash outlay ~$15.3M after $4.6M capped call unwind.
- Separate unwind agreements with capped call counterparties to terminate corresponding hedges, yielding ~$4.6M cash to Marcus.
- Transactions expected to close October 11, 2024, subject to customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62234/000110465924101476/0001104659-24-101476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62234/000110465924101476/tm2424441d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-101476

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