Stock Alert: Marcus Plunges 30% Following Notes Offering
Shares of movie theatres and hotels operator The Marcus Corporation (MCS) are down more than 30% Thursday morning after the company today announced the launch of $87 million convertible senior notes due 2025.
The company plans to use the net proceeds for general corporate purposes including paying off debts.
MCS stock is currently trading at $9.41. It has traded in the range of $6.95- $37.64 in the last one year.
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