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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) July 19, 1999
THE LOEWEN GROUP INC.
(Exact name of registrant as specified in its charter)
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British Columbia, Canada 0-18429 98-0121376
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(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)
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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
Exhibit 99 The Loewen Group Inc. Press Release dated July 19, 1999
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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: July 19, 1999
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 July 19, 1999
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THE LOEWEN GROUP INC.
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(NYSE, TSE, ME: LWN) NEWS
Contact: Sitrick And Company
Anita-Marie Hill
Jennifer Mercer
(604) 293-6483
(310) 788-2850
FOR IMMEDIATE RELEASE
THE LOEWEN GROUP RECEIVES FINAL COURT APPROVAL OF $200 MILLION
DIP FINANCING AGREEMENT
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Vancouver, BC - July 19, 1999 - THE LOEWEN GROUP INC. (NYSE,TSE,ME:LWN)
announced today that it has received final approval from the Bankruptcy Court of
its $200 million debtor-in- possession (DIP) financing led by First Union to
fund the Company's operations during its restructuring process.
"With our final DIP financing in place, and the on going support of our vendors
and our employees, The Loewen Group is now well-positioned to fund its
operations," said Chairman John Lacey. " This allows us to successfully maintain
our relationship with our customers and suppliers and to strengthen Loewen's
abilities going forward."
The Loewen Group filed its Chapter 11 petition in the U.S. Bankruptcy Court for
the District of Delaware in Wilmington and its application for creditor
protection under the Companies' Creditors Arrangement Act (CCAA) in the Ontario
Superior Court of Justice on June 1, 1999.
Based in Vancouver, The Loewen Group Inc. owns or operates more than 1100
funeral homes and more than 400 cemeteries across the United States, Canada and
the United Kingdom. The Company employs approximately 13,000 people and derives
90 percent of its revenue from U.S. operations.
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Safe Harbor: Certain statements contained in this press release, including but
not limited to information regarding the future economic performance and
financial condition of the Company, the plans and objectives of the Company's
management and the Company's assumptions regarding such performance and plans,
are forward-looking in nature. Additional information concerning important
factors that could cause actual results to differ from the forward-looking
information contained in this release is included in the Company's publicly
filed quarterly and annual reports.
