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Park Lawn Corporation Announces $75 Million Bought Deal Offering of 5.75% Senior Unsecured Debentures
TORONTO, ONTARIO (June 25, 2020) - Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by CIBC Capital Markets and National Bank Financial Inc. under which the underwriters have agreed to purchase $75 million aggregate principal amount of listed senior unsecured debentures due December 31, 2025 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”). PLC has also granted the underwriters an option to purchase up to an additional $11.25 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following closing of the Offering. The Offering is expected to close on or about July 14, 2020.
Park Lawn Corporation Announces June 2020 Dividend
TORONTO, ONTARIO--(June 24, 2020) - Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on July 15, 2020 to shareholders of record at June 30, 2020.
Park Lawn Corporation Announces Election of Directors, Appoints J. Bradley Green as CEO, Jay Dodds as President and COO and Appoints both Mr. Green and Mr. Dodds to the Board of Directors
TORONTO, ONTARIO (June 22, 2020) – Park Lawn Corporation (TSX: PLC) (“Park Lawn” or the “Company”) announced today that each of the six nominees listed in its management information circular dated May 5, 2020 was elected as a director of Park Lawn at the Annual and Special Meeting of Shareholders held virtually on June 22, 2020. The vote was conducted by online ballot.
Listen to the Q1 2020 Earnings Call:
Specialists in Memorialization, Cemetery and Funeral Services
Park Lawn Corporation (TSX: PLC) is the largest publicly traded Canadian-owned funeral, cremation and cemetery provider and is the fastest growing company in the industry in North America. Since 2013 PLC has grown from 6 cemetery properties in Toronto, Ontario to a diverse portfolio of properties and businesses operating across Canada and the US.
With a dynamic leadership team and innovative approach to our operations, PLC has a strategic advantage over the more traditional players in a stagnant industry resistant to change. As the company continues its strong growth both organically and through acquisition, PLC is changing the way products and services are delivered and how customers engage with the marketplace.
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