RTTNews | Sep 17, 2020 10:32AM EDT

10:32 Thursday, September 17, 2020 (RTTNews.com) - 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.

Read the original article on RTTNews ( https://www.rttnews.com/3129539/stock-alert-marcus-plunges-30-following-notes-offering.aspx)

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