Prime Succession Inc – ‘8-K’ for 12/18/00 – EX-99.5

On:  Tuesday, 1/23/01, at 12:16pm ET   ·   For:  12/18/00   ·   Accession #:  950152-1-367   ·   File #:  333-14599

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Prime Succession Holdings, Inc. Form 8-K               3     16K 
 2: EX-2.3      Plan of Acquisition, Reorganization, Arrangement,     58    211K 
                          Liquidation or Succession                              
 3: EX-10.10    Material Contract                                    166    605K 
 4: EX-99.5     Miscellaneous Exhibit                                  1      7K 

EX-99.5   —   Miscellaneous Exhibit

EX-99.5
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                                                                    EXHIBIT 99.5

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NEWS RELEASE                                                                    

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PRIME SUCCESSION, INC.

                                                           CONTACT: Arthur Ansin
                                                                  (859) 746-6801

PRIME SUCCESSION, INC. EMERGES FROM CHAPTER 11

ERLANGER, KY, December 18, 2000 - Prime Succession, Inc. (the 
"Company"), one of the country's largest death care services provider, announced
that it has successfully concluded its Chapter 11 proceedings. The Company's    
Plan of Reorganization was previously confirmed on November 8, 2000 by the U.S. 
Bankruptcy Court for the District of Delaware. The Plan had been overwhelmingly 
approved by the Company's voting unsecured creditors. The Company also finalized
documentation relating to $18 million of exit financing in the form of a new    
revolving credit facility from its senior secured lenders.                      

  Gary L. Wright, Prime Succession's President and Chief Executive
Officer stated, "Prime Succession has emerged from Chapter 11 protection as a   
stronger, more competitive company. Prime's enhanced financial stability will   
allow us to continue our tradition of quality customer service as we strive to  
be the premier funeral home/cemetery operating company in North America."       

       On the basis of revenues, Prime Succession, Inc. is the fifth largest
provider of funeral and cemetery products and services in the death care        
industry in the United States. Through its subsidiaries, the Company owns and   
operates approximately 130 funeral homes and 19 cemeteries in 19 states.        

     This press release contains forward-looking statements that involve
risks and uncertainties. Such statements are based on management's current      
expectations and are subject to a number of uncertainties and risks that could  
cause results to differ materially from those described in the forward-looking  
statements. Factors that may cause such differences include, but are not limited
to, those described in the Company's Annual Report or Form 10-K.                

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		1/23/01		None on these Dates
For Period End:		12/18/00
		11/8/00
				List all Filings