-----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, GZSU3OKxflNnWh1ueXC31MBIPv0Ccuy9qcgnmSMlkPMT82sM9NuO7M4crsY6hUuV q61Pe/GIZwziJj/3bXSJUw== 0000891020-99-001968.txt : 19991118 0000891020-99-001968.hdr.sgml : 19991118 ACCESSION NUMBER: 0000891020-99-001968 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991116 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991117 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: 99759775 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) November 16, 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 incorporation) Identification No.) 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 4 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 November 16, 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: November 16, 1999. THE LOEWEN GROUP INC. By: /s/ BRADLEY D. STAMP --------------------------------------- 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 November 16, 1999
EX-99 2 PRESS RELEASE DATED NOVEMBER 16, 1999 1 THE LOEWEN GROUP INC. - -------------------------------------------------------------------------------- (NYSE, TSE, ME: LWN) NEWS Contact: Sitrick and Company Michael Kolbenschlag Linda Press (310) 788-2850 FOR IMMEDIATE RELEASE THE LOEWEN GROUP REPORTS DIP WAIVERS EXPIRE Sufficient Cash Resources Exist to Satisfy Near-Term Obligations and Continue Operations -------------------------------------- VANCOUVER, BC- November 16, 1999 - THE LOEWEN GROUP INC. (NYSE, TSE, ME: LWN), one of the largest funeral home and cemetery operators in North America, today announced that its current waivers for non-compliance with certain financial covenants in its $200 million debtors-in- possession ("DIP") financing have expired. As previously announced, the Company is currently proceeding with the cooperation of its DIP lenders to reset the covenants of the DIP facility in line with its current business results. It is anticipated that the new covenants would be effective through the first quarter of 2000. As at November 15, 1999, the borrowings under the DIP facility were $10.0 million and the letters of credit outstanding were $17.3 million. Although the Company can not currently borrow under the DIP Facility until the amendment is obtained, the Company currently believes that sufficient cash resources exist to satisfy its near-term obligations and does not anticipate any interruption in its operations. 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-----