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Park Lawn Corp. 5.75% Debenture New Issue

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Park Lawn Corp. (PLC) has issued $75M of 5.75% senior unsecured debentures maturing Dec-31-2025.

The Debentures will not be redeemable before Dec-31-2023 (First Call Date). After Dec-31-2023 to Dec-31-2024 they can be redeemed at $102.875 plus unpaid interest. On and after Dec-31-2024 and prior to the Maturity Date, they are redeemable at par with the option to pay the redemption price in common shares of Parklawn.

Park Lawn provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC operates in five Canadian provinces and fifteen U.S. states.

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