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StoneMor Inc. Announces Proposed Private Offering of Senior Secured Notes
StoneMor Partners L.P.April 20, 2021 GMT
BENSALEM, Pa., April 20, 2021 (GLOBE NEWSWIRE)
StoneMor Inc. (NYSE: STON) (“StoneMor” or the “Company”), a leading owner and operator of cemeteries and funeral homes, announced today that its intention to offer $400 million aggregate principal amount of its senior secured notes due 2029 (the “Notes”) in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions (the “Offering”). The Notes will be senior secured obligations of the Company and will be guaranteed by certain of the Company’s domestic subsidiaries and by any foreign subsidiary that guarantees any future credit facility.