StoneMor Inc. announced the extension of the expiration date of the exchange offer for all of the outstanding 9.875%/11.500% Senior Secured PIK Toggle Notes due 2024 (the “Old Notes”) issued by StoneMor Partners L.P. and Cornerstone Family Services of West Virginia Subsidiary, Inc. (together the “Issuers”) for an equal principal amount of new 9.875%/11.500% Senior Secured PIK Toggle Notes due 2024 (the “New Notes”) issued by the Issuers that have been registered under the Securities Act of 1933, as amended. StoneMor is the sole general partner of StoneMor Partners L.P. and Cornerstone Family Services of West Virginia Subsidiary, Inc. is a wholly-owned subsidiary of StoneMor Partners L.P. The expiration date is hereby extended from 5:00 p.m. New York City time, on July 8, 2020 to 5:00 p.m. New York City time, on July 9, 2020. Except as described in this press release, all other terms of the exchange offer remain unchanged.
As of 5:00 p.m. New York City time on July 8, 2020, $349,582,918 aggregate principal amount of Old Notes were validly tendered and not validly withdrawn.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the New Notes or any other security and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any persons to whom, such an offer, solicitation or sale would be unlawful. The exchange offer is being made only pursuant to the prospectus dated June 4, 2020, and the related letters of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.
About StoneMor Inc.
StoneMor, headquartered in Trevose, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 319 cemeteries and 88 funeral homes in 27 states and Puerto Rico.
StoneMor’s cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include: burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise. For additional information about StoneMor Inc., please visit StoneMor’s website, and the investors section, at http://www.stonemor.com.
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StoneMor Inc. | ||
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