Bulletin
Investor Alert

New York Markets Open in:

Sept. 17, 2020, 7:14 a.m. EDT

The Marcus Corp. to offer $87 million in convertible bonds that mature in 2025

Cinema operator The Marcus Corp. (NYS:MCS) said Thursday it is planning to offer $87 million in convertible bonds that mature in 2025, joining the many companies issuing record levels of debt and equity during the coronavirus pandemic. Proceeds will be used to pay the cost of capped call transactions that aim to reduce dilution on conversion. Shares were not active premarket, but have fallen 57% in the year to date, while the S&P 500 (S&P:SPX) has gained 4.8%.

Link to MarketWatch's Slice.