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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) May 31, 1996
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
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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
May 31, 1996
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: May 31, 1996
THE LOEWEN GROUP INC.
By: /s/ PETER S. HYNDMAN
-----------------------------
Name: Peter S. Hyndman
Title: Corporate Secretary
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EXHIBIT INDEX
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Number Exhibit Page Number
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99 The Loewen Group Inc. 4
Press Release dated May 31, 1996
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May 31, 1996 For more information contact:
Paul Wagler, Senior Vice President, Finance
Dwight Hawes, Vice President, Finance
The Loewen Group Inc.
Tel: (800) 347-7010
Stock Symbols:
TSE: LWN
ME: LWN
Nasdaq: LWNGF
(All amounts listed in U.S. dollars)
FOR IMMEDIATE RELEASE
The Loewen Group Completes Bank Facility
BURNABY, B.C. - Mr. Ray Loewen, Chairman and CEO of The Loewen Group announced
today the completion of a new $750 million secured revolving bank line of
credit. The facility was underwritten and syndicated by Bank of Montreal and
Goldman, Sachs and Co. and has a term of five years. The Company has initially
borrowed $75 million under this new facility to retire in full its previous
revolving line of credit.
The new bank facility will provide available financing for the Company's
ongoing acquisition program. To date in 1996, the Company has acquired 67
funeral homes and 51 cemeteries and two insurance companies with an aggregate
purchase price of approximately $311 million. In addition, the Company
presently has signed agreements for the acquisition of 60 additional funeral
homes and 61 additional cemeteries for an estimated aggregate purchase price of
$226 million. ___
With corporate offices in Burnaby, British Columbia, Cincinnati and
Philadelphia, The Loewen Group is the second largest funeral home and cemetery
operator in North America. The company employs approximately 12,000 people and
owns and operates 883 funeral homes and 230 cemeteries across the United States
and Canada. Over 90 per cent of the Company's revenue is derived from the
United States.
