Park Lawn Corporation Announces Successful Closing of Common Share Offering for Gross Proceeds of Over $143 Million

Goodmans LLP represented Park Lawn Corporation (the “Company”) in connection with its $143 million common share offering (the "Offering").

The syndicate of underwriters was co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc. and included Acumen Capital Finance Partners Limited, Raymond James Ltd., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Paradigm Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and Scotia Capital Inc., on a bought deal basis. A total of 5,605,100 common shares were issued at a price of $25.65 per common share for total gross proceeds of $143,770,815 which includes proceeds from the full exercise of an over-allotment option to purchase an additional 731,100 common shares.

The net proceeds from the Offering will be used: (i) to repay approximately $90.3 million of outstanding indebtedness under the Company's credit facility, (ii) to repay approximately $25.5 million of outstanding debt related to the Company's recent acquisition of Cress Funeral Service, Inc., (iii) to fund the Company's ongoing growth initiatives, and (iv) for general corporate purposes.