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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) October 2, 1997
THE LOEWEN GROUP INC.
(Exact name of registrant as specified in its charter)
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British Columbia, Canada 0-18429 98-0121376
(State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.)
incorporation)
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4126 Norland Avenue, Burnaby, British Columbia V5G 3S8
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code 604-299-9321
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N/A
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(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.
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Exhibit No. Description
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Exhibit 99 The Loewen Group Inc. Press Release dated October 2, 1997
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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: October 2, 1997
THE LOEWEN GROUP INC.
By: /s/ PETER S. HYNDMAN
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Name: Peter S. Hyndman
Title: Corporate Secretary
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EXHIBIT INDEX
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Sequential
Number Exhibit Page Number
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99 The Loewen Group Inc. 4
Press Release dated October 2, 1997
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THE LOEWEN GROUP INC.
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(NYSE, TSE, ME: LWN) NEWS
Investor contacts: Media Contact:
Dave Laundy, Vice President,
Dwight Hawes, Vice President, Finance Corp. Communications
Chris Hunter, Director, Investor Relations Tel: (604) 293-7857
The Loewen Group Inc.
Tel: (800) 347-7010
FOR IMMEDIATE RELEASE
LOEWEN GROUP COMPLETES THREE FINANCINGS
VANCOUVER, BC, October 2, 1997 -- The Loewen Group Inc. today announced it has
expanded its bank credit facility to US $1 billion and completed two debt
financings, one in Canada for Cdn $200 million and another in the United States
for US $300 million.
The Company said that the expanded and amended US $1 billion revolving credit
facility involves a syndicate of 38 major banks led by the Bank of Montreal. It
has lower credit spreads than the previous US $750 million facility.
The Company also said it has completed a private placement in the United States
of US $300 million in senior guaranteed notes due in 2009 with an interest rate
of 6.70 per cent for the first two years. It has also completed its
previously-announced offering of Cdn $200 million 6.10 per cent Series 5 senior
guaranteed notes, due in 2002. Net proceeds from these financings were used to
repay existing indebtedness.
With corporate offices in Vancouver and Philadelphia, The Loewen Group Inc. is
the second largest and fastest growing funeral home and cemetery operator in
North America in terms of revenues and assets. The Company employs approximately
17,000 people and owns or operates some 1000 funeral homes and over 420
cemeteries across the United States and Canada. Over 90% of the Company's
revenue is derived from the United States.
The senior guaranteed notes and the Series 5 senior guaranteed notes were not
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration under federal
and applicable state securities laws or an available exemption from such
registration requirements.
The Loewen Group's website is located at http://www.loewengroup.com
