Stonemor inc. announces pricing of senior secured notes offering

Bensalem, pa., april 23, 2021 (globe newswire) -- stonemor inc. (nyse: ston) (“stonemor” or the “company”) , a leading owner and operator of cemeteries and funeral homes, announced today the pricing of $400 million aggregate principal amount of its 8.500% senior secured notes due 2029 (the "notes"). the notes will be issued at a price equal to 100% of the principal amount thereof, plus accrued interest from may 11, 2021. the notes will be senior secured obligations of the company and will be guaranteed by certain of the company's domestic subsidiaries and by any foreign subsidiary that guarantees any future credit facility. the offering is expected to close on may 11, 2021, subject to customary closing conditions.
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