LEVITTOWN, Pa., March 20, 2013 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) ("StoneMor") announced today a public offering, subject to market and other conditions, of 1,200,000 common units representing limited partner interests in StoneMor. In connection with the offering, StoneMor intends to grant the underwriters a 30-day option to purchase up to 180,000 additional common units to cover over-allotments, if any. StoneMor intends to use the net proceeds from the common units it is offering to pay down the borrowings outstanding under its existing credit facility. If the underwriters exercise their option to purchase additional common units, StoneMor will use the additional net proceeds to pay down borrowings outstanding under its credit facility.
StoneMor Partners L.P. Announces Public Offering Of Common Units
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