<PAGE> 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) May 28, 1998
THE LOEWEN GROUP INC.
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
British Columbia, Canada 0-18429 98-0121376
- ------------------------------- ----------------------- --------------------------------
(State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.)
incorporation)
</TABLE>
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
<PAGE> 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 May 28, 1998
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 28, 1998
THE LOEWEN GROUP INC.
By: /s/ PETER S. HYNDMAN
--------------------------------
Name: Peter S. Hyndman
Title: Corporate Secretary
<PAGE> 3
EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequential
Number Exhibit Page Number
- ------ ------- -----------
<S> <C> <C>
99 The Loewen Group Inc. 4
Press Release dated May 28, 1998
</TABLE>
<PAGE> 1
The Loewen Group Inc.
(NYSE, TSE, ME: LWN) NEWS
Investor contacts: Media Contact:
Chris Hunter, Director, Investor Relations Dave Laundy, Vice President
The Loewen Group Inc. Corp. Communications
Tel: (800) 347-7010 Tel: (604) 293-7857
FOR IMMEDIATE RELEASE
LOEWEN GROUP COMPLETES $450 MILLION DEBT OFFERING
VANCOUVER, BC, May 28, 1998 - The Loewen Group Inc. announced
today the sale of $450 million of senior guaranteed notes issued
by Loewen Group International, Inc. The notes were privately
placed with a group of underwriters and were sold in the United
States to qualified institutional buyers and to institutional
accredited investors. The notes are guaranteed by The Loewen Group
Inc.
There are two series of notes. The Series 6 notes, in the
aggregate principal amount of $200 million and with a maturity of
June 2003, bear interest at 7.20%. The Series 7 notes, in the
aggregate principal amount of $250 million and with a maturity of
June 2008, bear interest at 7.60%. Loewen Group International,
Inc. has the right to redeem the notes at any time.
The notes initially are secured and rank pari passu in right of
payment with all current senior indebtedness of The Loewen Group
Inc. and Loewen Group International, Inc.
The proceeds from the offering, approximately $444 million, will
be used to repay existing debt under the Company's principal
credit facility.
The notes were not registered under the Securities Act of 1933, as
amended, or applicable state securities laws, 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.
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 16,000 people and owns
or operates more than 1,100 funeral homes and over 500 cemeteries
in the United States, Canada and the United Kingdom. Over 90 per
cent of the Company's revenue is derived from the United States.
The Loewen Group Inc.'s website is located at http://www.loewengroup.com
- 30 -
