
Park Lawn Corporation Announces Closing of Over-Allotment Option in Connection with Recently Completed Bought Deal Offering of 5.75% Senior Unsecured Debentures for Additional Gross Proceeds of $11.25
TORONTO, July 21, 2020 /CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company“) is pleased to announce that, in connection with its recently completed bought deal offering (the “Offering”) of 5.75% listed senior unsecured debentures (the “Debentures“) at a price of $1,000 per Debenture, the over-allotment option granted to the Underwriters (defined below) was exercised in full for additional gross proceeds of $11.25 million. The sale of the additional Debentures brings the aggregate gross proceeds of the offering to $86.25 million. A syndicate of underwriters co-led by CIBC Capital Markets and National Bank Financial Inc., and including BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Acumen Capital Finance Partners Limited, Cormark Securities Inc., Paradigm Capital Inc., Raymond James Ltd. and Stifel GMP (collectively, the “Underwriters”) acted as