Marcus to use proceeds of $50 million note issue to pay down revolver

By Angela McDaniels

Tacoma, Wash., June 28 - Marcus Corp. plans to reduce existing borrowings under its revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The company will do so using proceeds of a $50 million private placement of 4.02% senior notes due 2025.

Proceeds will also be used for general corporate purposes.

Marcus is a Milwaukee-based owner of movie theaters and hotels.

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