StoneMor Offloads Assets as Crisis Dents

Register, or to view the article

StoneMor Oregon LLC, StoneMor Oregon Subsidiary LLC and StoneMor Washington, Inc., wholly-owned indirect subsidiaries of StoneMor Inc. (the Company) announced that they have entered into an Asset Sale Agreement with Clearstone Memorial Partners, LLC to sell substantially all of the Company’s assets in Oregon and Washington, consisting of nine cemeteries, ten funeral establishments and four crematories. In consideration for the transfer of the Assets pursuant to the Sale Agreement, the Buyer agreed to pay the Sellers a net cash purchase price of $6.2 million. The Company anticipates that the transaction will close on or before December 31, 2020.

Read more Bankruptcy News