LEVITTOWN, Pa., May 24, 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"), had received, as of 5:00 p.m., New York City time today (the "Consent Expiration"), tenders and consents from the holders of approximately $132.2 million in aggregate principal amount, or approximately 88.1%, of their outstanding 10.25% senior notes due 2017 (the "2017 Senior Notes") in connection with the previously announced tender offer (the "Offer") for any and all of the 2017 Senior Notes and the related solicitation of 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"). The Issuers have entered into a supplemental indenture to the Indenture that makes the proposed amendments effective, and the amendments will become operative when the Issuers have purchased a majority in principal amount of the outstanding 2017 Senior Notes.
StoneMor Partners L.P. Announces Successful Results Of The Tender Offer For Its Outstanding 10.25% Senior Notes Due 2017
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