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MDC Partners reported a 14.1% decline in fourth quarter revenue, totaling $328.2 million, compared to $382.0 million in the previous year. For 2020, revenue fell 15.3% to $1.20 billion. Despite this, the company achieved a 15.8% sequential revenue growth from Q3 2020. The net loss attributable to shareholders was $243.2 million in 2020. Adjusted EBITDA increased by 1.8% to $177.3 million, driven by improved margins. For 2021, MDC expects 7-9% organic revenue growth and aims for adjusted EBITDA between $190 million and $200 million.
MDC Partners Inc. (NASDAQ: MDCA) will participate in the J.P. Morgan 2021 Global High Yield & Leveraged Finance Conference on March 3, 2021, at 1:15 PM. CEO Mark Penn and CFO Frank Lanuto will present virtually, with a replay available on their website for 10 days post-event. MDC Partners is a leading marketing and communications network, known for innovative campaigns and strategic solutions that enhance business growth for over 1,700 clients globally. For more details, visit www.mdc-partners.com.
MDC Partners Inc. (MDCA) will report its financial results for the three and twelve months ending December 31, 2020, on March 2, 2021, before market open. A conference call to discuss these results is scheduled for the same day at 8:30 AM ET. Investors can access the call by dialing 1-412-902-4266, or toll-free at 1-888-346-6216. A recording will be available post-call until March 7, 2021. MDC Partners is recognized for its innovative marketing and communications efforts, serving over 1,700 clients worldwide.
MDC Partners Inc. (NASDAQ:MDCA) announces the appointment of Deirdre McGlashan as Chief Media Officer, a newly created role effective April. McGlashan, previously Global Chief Digital Officer at MediaCom, will enhance MDC's media, data, and technology capabilities. Her extensive background includes leading digital strategies across platforms like Twitch and TikTok. This move aligns with MDC's strategic focus on integrated solutions and digital transformation, aiming to drive superior business outcomes for clients amidst the evolving media landscape.
MDC Partners Inc. (NASDAQ: MDCA) announced new agency partnerships as part of its global growth strategy on February 9, 2021. This initiative aims to enhance creative, media, and technology capabilities in key international markets including MENA, Eastern Europe, and Asia Pacific. CEO Mark Penn emphasized investment in world-class talent and modernization of their global model. New affiliates like Brand New Galaxy and Beyond Media Global will focus on eCommerce and performance marketing. MDC aims to empower entrepreneurs and improve results through technology and collaboration.
MDC Partners Inc. executed a supplemental indenture for its 7.500% Senior Notes due 2024, involving a cash payment of $20 per $1,000 principal to noteholders as of January 20, 2021. The consent solicitation, which ended on February 4, 2021, received a majority approval from noteholders for the proposed amendments. The amendments will only become operative upon the Issuer's announcement regarding a proposed transaction with Stagwell Media LP. Should this transaction not occur, the notes may not entitle holders to the proposed payments.
MDC Partners Inc. has filed a registration statement on Form S-4 with the SEC regarding its proposed merger with certain businesses of Stagwell Media LP. The MDC Board has approved the transaction, which will create a leading marketing services company with enhanced capabilities. Current MDC shareholders are expected to receive about 26% of the combined company's equity, while Stagwell will hold 74%. The merger, pending shareholder and regulatory approvals, is anticipated to close in the first half of 2021. Shareholders can review the registration details through MDC's website.
MDC Partners announced the results of its consent solicitation for holders of its 7.500% Senior Notes due 2024, confirming the acceptance of consents from a majority of noteholders. The solicitation aimed to amend terms in the existing indenture from March 23, 2016. The process concluded on February 4, 2021, with the execution of the Third Supplemental Indenture expected on February 8, 2021. Noteholders will receive $20 for every $1,000 of their notes held as of January 20, 2021. Detailed terms were outlined in the Consent Solicitation Statement.
MDC Partners Inc. announced a consent solicitation for its 7.500% Senior Notes due 2024, totaling $870,256,000. The solicitation aims to secure consent for amendments to the Indenture to facilitate a business combination with Stagwell Media LP. The solicitation commenced on January 21, 2021, and will expire on February 4, 2021. Holders of over a majority of the Notes have already consented, which is crucial for the adoption of the Proposed Amendments. Consent payments of up to $30.00 per $1,000 principal amount will be issued to holders if successful.
The Hunter Food Study Special Report Wave Two reveals evolving consumer food habits amid the COVID-19 pandemic, based on surveys of 2,064 American adults. Findings indicate that 51% of respondents are cooking more, with 71% intending to continue post-pandemic. Enjoyment in cooking has increased to 81%, while food waste has decreased but is trending back to pre-pandemic levels. Takeout and delivery orders have surged by 20% compared to last year. Insights show a mixed trend in consumption patterns, with households adapting differently based on composition.
