Key Developments: StoneMor Partners LP (STON.N)
26.61USD
17 May 2013
$-0.30 (-1.11%)
$26.91
$26.88
$26.88
$26.41
20,468
18,644
$28.65
$20.12
Latest Key Developments (Source: Significant Developments)
StoneMor Partners LP Increases Distribution
StoneMor Partners LP announced an increase of its cash distribution to $0.595 per unit from $0.59. The distribution is payable on May 15, 2013, to common unit holders of record as of the close of business on May 6, 2013. Full Article
Stonemor Partners L.P. Announces Public Offering Of Common Units
Stonemor Partners L.P. announced 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. Full Article
Stonemor Partners L.P. Acquires Florida-Based Seawinds Funeral Homes
Stonemor Partners L.P. announced that it had acquired the Seawinds Funeral Homes located in Central Florida. Seawinds consists of 6 funeral homes situated between Melbourne and West Palm Beach. Two of the homes also contain cremation facilities. The transaction was completed through a combination of cash and equity, and was funded under StoneMor's existing credit facility. It is expected that the properties will be managed by StoneMor's Lohman Funeral Homes operations. Full Article
Stonemor Partners L.P. Declares 2012 Fourth Quarter Cash Distribution
Stonemor Partners L.P. announced that it is has declared a cash distribution of $0.59 per unit, payable on February 14, 2013, to common unit holders of record as of the close of business on February 5, 2013. The distribution remains unchanged from the third quarter 2012 distribution when the Partnership increased its distribution from $0.585 per unit to the current level of $0.59 per unit. Full Article
Stonemor Partners L.P. Acquires Florida-Based Funeral Home
Stonemor Partners L.P.. announced it closed on the acquisition of a funeral home located in central Florida. Financial terms were not disclosed. Full Article
StoneMor Partners L.P. Completes Acquisition Of Lohman Funeral Homes And Cemeteries
StoneMor Partners L.P. announced that, on July 31, 2012, it completed the previously announced acquisition of 8 funeral homes, 4 cemeteries, and 2 cremation related facilities in Florida from Lohman Funeral Homes, Cemeteries & Cremation for an aggregate purchase price of $25 million paid as a combination of cash and equity. Full Article
StoneMor Partners L.P. Declares Quarterly Cash Distribution
StoneMor Partners L.P. announced that it has declared a cash distribution to $0.5850 per unit, payable on August 15, 2012, to common unit holders of record as of the close of business on August 6, 2012. Full Article
StoneMor Partners L.P. Signs Letter Of Intent To Acquire Florida Based Funeral Home Chain
StoneMor Partners L.P. announced it has signed a Letter of Intent to acquire Lohman Funeral Homes, a privately owned operator of 14 cemetery and funeral home locations in Florida's Volusia and Flagler counties. The transaction, subject to certain terms and conditions, is expected to close within six weeks. Financial terms were not disclosed. Full Article
StoneMor Partners L.P. Declares Quarterly Cash Distribution
StoneMor Partners L.P. announced that it has declared a cash distribution to $0.5850 per unit, payable on May 15, 2012, to common unit holders of record as of the close of business on May 4, 2012. Full Article
StoneMor Partners L.P. Announces New CFO
StoneMor Partners L.P. announced that as part of its planned management succession program, StoneMor Partners L.P. announced that Timothy K. Yost, formerly Vice President – Financial Reporting and Investor Relations, has been promoted to Chief Financial Officer and Secretary and Paul Waimberg, currently Vice-President – Finance and Corporate Development, will also be its Treasurer. William R. Shane, one of StoneMor's co-founders and current Chief Financial Officer, has elected to retire from his current full-time management duties, but will continue to serve as a director of the company, and has agreed to assume the role of Vice Chairman of the Board of Directors. Full Article
Update-Moody's rates StoneMor bonds B3
StoneMor Partners L.P. (StoneMor)
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