The Marcus Corporation’s $100.05 Million Convertible Senior Notes Offering


Davis Polk advised the representative of the initial purchasers in the offering.

The Marcus Corporation executed its offering 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.

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

Davis Polk advised J.P. Morgan Securities LLC, as representative of the several initial purchasers, with a corporate team included partner Alan F. Denenberg (Picture), 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.

Involved fees earner: Jason Bassetti – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Danielle Forni – Davis Polk & Wardwell; Daniel Fox – Davis Polk & Wardwell; Paula Gergen – Davis Polk & Wardwell; Mark Mendez – Davis Polk & Wardwell; Talya Presser – Davis Polk & Wardwell; Christopher Woller – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: J.P. Morgan Securities LLC;

Author: Ambrogio Visconti