-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RtF225YTRUM44H7Nd8oPNaWIWbcpkDPGf+P+waIYytNXbmSqfK3Sk2CXrrkwFbLH Q17H5vLoNK1BUy+N94xZLg== 0000891020-99-000612.txt : 19990403 0000891020-99-000612.hdr.sgml : 19990403 ACCESSION NUMBER: 0000891020-99-000612 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990330 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOEWEN GROUP INC CENTRAL INDEX KEY: 0000845577 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 980121376 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12163 FILM NUMBER: 99584915 BUSINESS ADDRESS: STREET 1: 4126 NORLAND AVE CITY: BURNABY BC CANADA V5 STATE: A1 ZIP: V5G 3S8 BUSINESS PHONE: 6042999321 MAIL ADDRESS: STREET 1: 4126 NORLAND AVE STREET 2: BRITISH COLUMIA CITY: BURNABY V5G 3S8 STATE: A1 8-K 1 FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 30, 1999 THE LOEWEN GROUP INC. (Exact name of registrant as specified in its charter)
British Columbia, Canada 0-18429 98-0121376 ------------------------ ------- ---------- (State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.) incorporation)
4126 Norland Avenue, Burnaby, British Columbia V5G 3S8 ---------------------------------------------- ------- (Address of principal executive offices) (zip code) Registrant's telephone number, including area code 604-299-9321 N/A ------------------------------------------------------------- (Former name or former address, if changed since last report) Exhibit Index is on page 3 Page 1 of 5 2 ITEM 5. OTHER EVENTS. Pursuant to Form 8-K, General Instructions F, registrant hereby incorporates by reference the press release attached hereto as Exhibit 99. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit No. Description ----------- ----------- Exhibit 99 The Loewen Group Inc. Press Release dated March 30, 1999
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 30, 1999 THE LOEWEN GROUP INC. By: /s/ Bradley D. Stam --------------------------------- Name: Bradley D. Stam Title: Senior Vice President, Law 3 EXHIBIT INDEX
Sequential Number Exhibit Page Number - ------ ------- ----------- 99 The Loewen Group Inc. 4 Press Release dated March 30, 1999
EX-99 2 PRESS RELEASE DATED MARCH 30, 1999 1 The Loewen Group Inc. - -------------------------------------------------------------------------------- (NYSE, TSE, ME: LWN) NEWS Contact: Thomas C. Franco Broadgate Consultants, Inc. Tel: (212) 232-2222 FOR IMMEDIATE RELEASE LOEWEN GROUP ANNOUNCES LENDING AGREEMENTS ------------------------------------------------------------- VANCOUVER, BC, March 30, 1999 -- The Loewen Group Inc. (NYSE, TSE, ME: LWN) today announced it has negotiated revised lending agreements with its lenders under its bank revolving credit agreement, MEIP bank term credit agreement and certain other notes. The revised lending agreements, expected to become effective March 31, 1999 upon completion of the previously announced sale to an investor group led by McCown De Leeuw & Co. of 124 cemeteries and three funeral homes, require a permanent paydown under these agreements of $103 million from the resulting proceeds. John Lacey, Chairman of the Loewen Board stated "the successful completion of this agreement means both that there is no event of default under our agreements and that the Company will have additional working capital while it addresses the difficult challenges it faces. This will give the Company time in which to work with all stakeholders in exploring value alternatives that will be in the best interests of all concerned." The Company's revised lending agreements provide for: waivers of financial covenants at December 31, 1998; the suspension of all common, preferred and MIPS dividends; a requirement to refinance the PATS senior notes on satisfactory terms to the lenders by September 15, 1999; no further borrowings under its revolving bank credit agreement except for certain letters of credit; and changes and additions to existing covenants. The Loewen Group Inc. is the second largest funeral home and cemetery operator in North America. The Company employs approximately 16,000 people and owns 2 or operates more than 1,100 funeral homes and over 500 cemeteries across the United States, Canada and the United Kingdom. Over 90 percent of the Company's revenue is derived from the United States. The Loewen Group's website is located at http://www.loewengroup.com - more - -----END PRIVACY-ENHANCED MESSAGE-----