-----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, OfwBIwyJ+4tQ706/8N7YzOF2atgi+KxM/xkW6ts8vfjNha6+5JPB0ducye21wVTx pv0q/JPNOVYBCHhgH0cxpw== 0000891020-00-000794.txt : 20000412 0000891020-00-000794.hdr.sgml : 20000412 ACCESSION NUMBER: 0000891020-00-000794 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000407 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000411 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: 598133 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) April 7, 2000. 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 April 7, 2000. 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: April 7, 2000. 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 April 7, 2000
EX-99 2 PRESS RELEASE DATED APRIL 7, 2000 1 THE LOEWEN GROUP INC. - ------------------------------------------------------------------------------- (TSE: LWN) NEWS Contact: The Loewen Group Inc. Bradley D. Stam (604) 299-9321 FOR IMMEDIATE RELEASE THE LOEWEN GROUP ADVISES OF UNCERTAINTY CONCERNING SECURED STATUS OF CERTAIN DEBT ---------------------------------- VANCOUVER, BC - April 7, 2000 - THE LOEWEN GROUP INC. (TSE: LWN), today stated that there is uncertainty as to the secured status of its 7.75% Series 3 Senior Notes, of which $125,000,000 in principal amount is outstanding, 8.25% Series 4 Senior Notes, of which $225,000,000 in principal amount is outstanding, 7.20% Series 6 Senior Notes, of which $200,000,000 in principal amount is outstanding, 7.60% Series 7 Senior Notes, of which $250,000,000 in principal amount is outstanding, and its 6.70% Pass-Through Asset Trust Certificates ("PATS"), of which $300,000,000 in principal amount is outstanding. In 1996, The Loewen Group Inc. and Loewen Group International, Inc. (collectively, "the Company") entered into a Collateral Trust Agreement ("the CTA"), under which the Company granted security interests in certain assets ("the Pledged Assets") to secure its existing indebtedness. The CTA also permitted the securing of future indebtedness with the Pledged Assets. The CTA contemplated, among other things, the registration of future indebtedness in a register maintained by the collateral trustee. Holders of future indebtedness or their representatives were to effect this registration by delivering to the collateral trustee Additional Secured Indebtedness Registration Statements in a form set forth in the CTA. Subsequent to the execution of the CTA, among other financings, the Company issued the Series 3, Series 4, Series 6 and Series 7 Senior Notes and the PATS. Pursuant to the agreements with lender representatives in connection with those financings, the Company has treated the related debt as secured under the CTA. The Company has recently been advised, however, that the Series 6 and Series 7 Senior Notes and the PATS were never entered into the collateral trustee's register, and the Series 3 and Series 4 Senior Notes were registered in the collateral trustee's register indicating the correct maximum principal amount of the Series 3 and Series 4 Senior Notes but stating that the outstanding principal amount was $0. Under the terms of the CTA, these circumstances give rise to uncertainty as to the secured status of these securities. The investigation and analysis of this issue are continuing. It is anticipated that the uncertainty may not be resolved for several weeks. The Company has confirmed that it satisfied its obligations under the financing agreements to adopt appropriate corporate resolutions and to deliver to lender representatives, at the time of closing, Additional Secured Indebtedness Registration Statements relating to the Series 3, Series 4, Series 6 and Series 7 Senior Notes and the PATS. - more - 2 Based in Vancouver, The Loewen Group Inc. owns or operates more than 1,100 funeral homes and more than 400 cemeteries across the United States, Canada, and the United Kingdom. The Company employs approximately 13,000 people and derives approximately 90 percent of its revenue from its US operations. # # # Safe Harbor: Certain statements contained in this press release, including but not limited to information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company's management and the Company's assumptions regarding such performance and plans, are forward-looking in nature. Additional information concerning important factors that could cause actual results to differ from the forward-looking information contained in this release is included in the Company's publicly filed quarterly and annual reports. -----END PRIVACY-ENHANCED MESSAGE-----