The Marcus Corporation $100.05 Million Convertible Senior Notes Offering

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A offering by The Marcus Corporation of $100.05 million aggregate principal amount of its 5.00% convertible senior notes due 2025, including $13.05 million aggregate principal amount of convertible senior notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional securities. In addition, Davis Polk advised the counterparties to capped call transactions entered into by The Marcus Corporation in connection with the offering.

Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jason Bassetti and associates Daniel Fox and Paula Gergen. The equity derivatives team included partner Mark M. Mendez and associate Danielle Forni. Partner Michael Farber and associate Talya Presser provided tax advice. Associate Christopher C. Woller provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.