LEVITTOWN, Pa., March 21, 2013 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) ("StoneMor") announced today that it has priced 1,400,000 common units representing limited partner interests in StoneMor at a price to the public of $25.35 per unit. The offering was increased from the previously announced level by 200,000 common units. StoneMor has granted the underwriters a 30-day option to purchase up to 210,000 additional common units to cover over-allotments, if any. StoneMor expects the offering to close on March 26, 2013, subject to customary closing conditions and as described below. StoneMor expects to receive net proceeds of approximately $33.3 million (or approximately $38.4 million if the underwriters exercise their option to purchase an additional 210,000 common units), after deducting the underwriting discount and offering expenses in connection with this offering.
StoneMor Partners L.P. Prices Upsized Public Offering Of Common Units
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