LEVITTOWN, Pa., May 13, 2013 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) ("StoneMor") announced today that its wholly owned subsidiaries, StoneMor Operating LLC, Cornerstone Family Services of West Virginia Subsidiary, Inc. and Osiris Holding of Maryland Subsidiary, Inc. (together, the "Issuers") have commenced a cash tender offer (the "Offer") to purchase any and all of their outstanding $150,000,000 aggregate principal amount of 10.25% senior notes due 2017 (the "2017 Senior Notes"). In connection with the Offer, the Issuers are soliciting consents ("Consent Solicitation") to proposed amendments that would shorten to three business days the minimum notice period for optional redemptions and would eliminate substantially all of the restrictive covenants and certain events of default provisions contained in the indenture governing the 2017 Senior Notes (the "Indenture").
StoneMor Partners L.P. Announces Cash Tender Offer For Any And All Of Its Outstanding 10.25% Senior Notes Due 2017
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