StoneMor Partners acquires Seawinds Funeral Homes StoneMor Partners announced it had acquired the Seawinds Funeral Homes located in Central Florida. 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. At the same time, StoneMor announced that it had amended its credit agreement to increase its credit facility by $10M-$140M.
StoneMor Partners raises quarterly distribution to 65c per unit StoneMor Partners announced an increase of its cash distribution to 65c per unit from 64c per unit. The distribution is payable on August 14, to common unit holders of record as of the close of business on August 4.