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THE LOEWEN GROUP ANNOUNCES EXERCISE OF BOND WARRANTS

 BURNABY, British Columbia, Sept. 10 /PRNewswire/ -- The Loewen Group Inc. has announced that all bond warrant holders have exercised their warrants and the company has today received U.S. $60 million in exchange for senior guaranteed notes.
 The proceeds from this issue will be used, in large part, to repay existing bank indebtedness in both Canada and the United States which will facilitate the company's ongoing acquisition program.
 In April of this year, the company initially announced the issue of U.S. $5.4 million of bond warrants through a private placement to United States institutional investors.
 The Loewen Group Inc. is the fastest-growing funeral service corporation in North America. The number of locations belonging to the company grew more than twice as fast as the combined growth of all other publicly traded funeral service companies over the past three years.
 -0- 9/10/93
 /CONTACT: Bob Garnett, senior VP, Finance and Corporate Treasury, 604-299-9321/
 (LWN.)


CO: The Loewen Group Inc. ST: British Columbia IN: SU:

MF-JL -- LA018 -- 0880 09/10/93 16:24 EDT
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Publication:PR Newswire
Date:Sep 10, 1993
Words:175
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