On July 9, 2024, The Marcus Corporation entered into a Master Note Purchase Agreement with the several purchasers party to the Agreement, pursuant to which the Company issued and sold (i) $60 million in aggregate principal amount of the Company?s 6.89% Series 2024 Senior Notes, Tranche A due July 9, 2031 (the ?6.89% Notes?), and (ii) $40 million in aggregate principal amount of the Company?s 7.02% Series 2024 Senior Notes, Tranche B due July 9, 2034 (the ?7.02% Notes? and, together with the 6.89% Notes, the ?Notes?) in private placements exempt from the registration requirements of the Securities Act of 1933, as amended. The Company will use the net proceeds of the sale of the Notes to repay outstanding indebtedness and for general corporate purposes.

Interest on the Notes is payable semi-annually in arrears on the 9th day of January and July in each year, commencing on January 9, 2025, and on the applicable maturity date for the Notes. The Company will make required prepayments of principal on the dates and in the amounts specified in the Agreement. The Company may make optional prepayments, at any time, upon prior notice, of all or part of the Notes, subject to the payment of a make-whole amount (as defined in the Agreement).

The entire outstanding principal balance of the 6.89% Notes will be due and payable on July 9, 2031 and the entire outstanding principal balance of the 7.02% Notes will be due and payable on July 9, 2034.