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UNITED STATES 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): APRIL 17, 1998
STEWART ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
LOUISIANA 0-19508 72-0693290
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
110 VETERANS MEMORIAL BOULEVARD
METAIRIE, LOUISIANA 70005
(Address of principal executive offices) (Zip Code)
(504) 837-5880
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On April 17, 1998 the Company issued the following press release.
CONTACT: Ronald H. Patron
Stewart Enterprises, Inc.
110 Veterans Memorial Boulevard
Metairie, LA 70005
504/837-5880
FOR IMMEDIATE RELEASE
STEWART ENTERPRISES OFFERS $200 MILLION OF REMARKETABLE OR REDEEMABLE
SECURITIES DUE 2013
Metairie, Louisiana, April 17, 1998. . .Stewart Enterprises, Inc. (NASDAQ
NMS: STEI) announced today that it is offering to the public a total of
$200 million of Remarketable Or Redeemable Securities (ROARS) due May 1,
2013. The offering is being underwritten by NationsBanc Montgomery
Securities LLC, Bear, Stearns & Co. Inc. and Citicorp Securities, Inc.
The Company intends to use the net proceeds of approximately $204 million
from the offering to reduce the balances outstanding on its revolving
credit facilities, which amounts will then become available to the Company
to fund its continuing acquisition program and for general corporate
purposes. Closing is scheduled for April 24, 1998.
Founded in 1910, Stewart Enterprises, Inc. is the third largest provider of
products and services in the death care industry in North America. The
Company currently owns and operates 448 funeral homes and 132 cemeteries in
North America, South America, Europe and the Pacific Rim.
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SIGNATURE
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 thereunto duly authorized.
STEWART ENTERPRISES, INC.
April 17, 1998 /s/ KENNETH C. BUDDE
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Kenneth C. Budde
Senior Vice President-Finance
Secretary and Treasurer
(Principal Accounting Officer)
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