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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 14, 1998
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 5
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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 99-1 The Loewen Group Inc. Press Release dated May 14, 1998
Exhibit 99-2 The Loewen Group Inc. Press Release dated May 15, 1998
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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: May 15, 1998
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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Sequential
Number Exhibit Page Number
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99-1 The Loewen Group Inc. 4
Press Release dated May 14, 1998
99-2 The Loewen Group Inc. 5
Press Release dated May 15, 1998
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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 ANNOUNCES CASH DIVIDENDS
ON COMMON AND PREFERRED SHARES
VANCOUVER, BC, May 14, 1998 -- The Loewen Group Inc. announced today that a cash
dividend of US $0.10 per share on the Company's Common shares has been declared
payable on July 2, 1998. For Canadian shareholders, the dividend will be paid in
Canadian funds converted at the Bank of Canada noon exchange rate on June 18,
1998. It is expected that the Common shares will begin trading ex-dividend on
June 16, 1998.
The Company also announced today that the scheduled quarterly cash dividend of
Cdn $0.375 per share on the Company's 6% Cumulative Redeemable Convertible First
Preferred Shares, Series C has been declared payable on July 2, 1998 to
shareholders of record on June 23, 1998. It is expected that the preferred
shares will begin trading ex-dividend on June 19, 1998.
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, 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's website is located at http://www.loewengroup.com
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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 ANNOUNCES PLANNED
US $400 MILLION DEBT PRIVATE PLACEMENT
VANCOUVER, BC, May 15, 1998 -- The Loewen Group Inc. announced today that Loewen
Group International, Inc. plans to privately place with a group of underwriters
approximately US$400 million in senior guaranteed notes. The senior notes will
be guaranteed by The Loewen Group Inc., and will be offered to qualified
institutional buyers and institutional accredited investors in the United States
and Canada.
The senior notes initially will be secured and will rank equally in right of
payment with other senior indebtedness of The Loewen Group Inc. and Loewen Group
International Inc. Net proceeds from the private placement will be used to repay
existing indebtedness.
The senior notes will not be 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 is North America's second largest and fastest growing funeral
home and cemetery operator in terms of revenues and assets. The company owns or
operates more than 1,100 funeral and 500 cemeteries in the United States,
Canada, and the United Kingdom. Over 90% of the company's revenue is derived
from the United States.
The Loewen Group's website is located at http://www.loewengroup.com
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