/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE U.S./
TORONTO, July 21, 2020 /CNW/ - Park
Lawn Corporation (TSX: PLC) ("PLC" or
the "Company") is pleased to announce that, in
connection with its recently completed bought deal offering (the
"Offering") of 5.75% listed senior unsecured debentures (the
"Debentures") at a price of $1,000 per Debenture, the over-allotment option
granted to the Underwriters (defined below) was exercised in full
for additional gross proceeds of $11.25
million. The sale of the additional Debentures brings the
aggregate gross proceeds of the offering to $86.25 million.
A syndicate of underwriters co-led by CIBC Capital Markets and
National Bank Financial Inc., and including BMO Nesbitt Burns Inc.,
RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities
Inc., Acumen Capital Finance Partners Limited, Cormark Securities
Inc., Paradigm Capital Inc., Raymond James Ltd. and Stifel
GMP (collectively, the "Underwriters") acted as
underwriters for the Offering.
The securities offered pursuant to the Offering have not
been, nor will they be, registered under the United States
Securities Act of 1933, as amended, (the "1933 Act") and may
not be offered, sold or delivered, directly or indirectly, in
the United States, or to, or for
the account or benefit of, "U.S. persons" (as defined in Regulation
S under the 1933 Act), except pursuant to an exemption from the
registration requirements of the 1933 Act. This press release does
not constitute an offer to sell or a solicitation of an offer to
buy any securities in the United
States or to, or for the account or benefit of, U.S.
persons.
About Park Lawn Corporation
PLC provides goods and services associated with the disposition
and memorialization of human remains. Products and services are
sold on a pre-planned basis (pre-need) or at the time of a death
(at-need). PLC and its subsidiaries own and operate businesses
including cemeteries, crematoria, funeral homes, chapels, planning
offices and a transfer service. PLC operates in five Canadian
provinces and fifteen U.S. states.
SOURCE Park Lawn Corporation