The Marcus Corporation Announces the Closing of Common Stock Offering by Selling Shareholder

MILWAUKEE–(BUSINESS WIRE)–The Marcus Corporation (NYSE: MCS) (the “Company”) today announced the
closing of a registered public offering of 1,725,000 shares (the
“Shares”) of the Company’s common stock held by Southern Margin Loan SPV
LLC (the “Selling Shareholder”). The number of Shares included the sale
of 225,000 Shares pursuant to the Underwriter’s exercise in full of its
option to purchase additional Shares. The Company issued the Shares to
the Selling Shareholder in connection with the closing of the Company’s
acquisition of the Movie Tavern in-theatre dining business (the “Movie
Tavern Business”) on February 1, 2019. The Company did not sell Shares
in the offering and did not receive any proceeds from the sale of the
Shares by the Selling Shareholder in the offering.

Goldman Sachs & Co. LLC acted as the underwriter for the offering. The
offering was made only by means of a prospectus and related prospectus
supplement forming part of the automatic shelf registration statement
that the Company filed with the Securities and Exchange Commission on
February 1, 2019. Copies of the final prospectus supplement and the
related prospectus may be obtained by contacting Goldman Sachs & Co.
LLC, Prospectus Department, 200 West Street, New York, NY 10282, or by
phone at 1-866-471-2526, facsimile at 212-902-9316 or by emailing
An electronic copy of each of the final prospectus supplement and the
related prospectus is available from the Commission’s website at

This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor will there be any offer,
solicitation or sale, of the Shares in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.

About The Marcus Corporation

Headquartered in Milwaukee, The
Marcus Corporation
is a leader in the lodging and entertainment
industries, with significant company-owned real estate assets. The
Marcus Corporation’s theatre division, Marcus
, is the fourth largest theatre circuit in the
U.S. and currently owns or manages 1,097 screens at 90 locations in 17
states. The company’s lodging division, Marcus®
Hotels & Resorts
, owns and/or manages 21 hotels, resorts and
other properties in nine states. For more information, please visit the
company’s website.

This press release contains “forward-looking statements” intended to
qualify for the safe harbors from liability established by the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements may generally be identified as such because the context of
such statements include words such as we “believe,” “anticipate,”
“expect” or words of similar import. Similarly, statements that describe
our future plans, objectives or goals are also forward-looking
statements. Such forward-looking statements are subject to certain risks
and uncertainties which may cause results to differ materially from
those expected, including, but not limited to, the following: (1) the
availability, in terms of both quantity and audience appeal, of motion
pictures for our theatre division, as well as other industry dynamics
such as the maintenance of a suitable window between the date such
motion pictures are released in theatres and the date they are released
to other distribution channels; (2) the effects of adverse economic
conditions in our markets, particularly with respect to our hotels and
resorts division; (3) the effects on our occupancy and room rates of the
relative industry supply of available rooms at comparable lodging
facilities in our markets; (4) the effects of competitive conditions in
our markets; (5) our ability to achieve expected benefits and
performance from our strategic initiatives and acquisitions; (6) the
effects of increasing depreciation expenses, reduced operating profits
during major property renovations, impairment losses, and preopening and
start-up costs due to the capital intensive nature of our businesses;
(7) the effects of weather conditions, particularly during the winter in
the Midwest and in our other markets; (8) our ability to identify
properties to acquire, develop and/or manage and the continuing
availability of funds for such development; (9) the adverse impact on
business and consumer spending on travel, leisure and entertainment
resulting from terrorist attacks in the United States or other incidents
of violence in public venues such as hotels and movie theatres; (10) a
disruption in our business and reputational and economic risks
associated with civil securities claims brought by shareholders; and
(11) our ability to timely and successfully integrate the Movie Tavern
operations into our own circuit. Shareholders, potential investors and
other readers are urged to consider these factors carefully in
evaluating the forward-looking statements and are cautioned not to place
undue reliance on such forward-looking statements. The forward-looking
statements made herein are made only as of the date of this press
release and we undertake no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.


The Marcus Corporation
Douglas A. Neis
(414) 905-1100

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