HOUSTON, Dec. 6, 2017 /PRNewswire/ -- Service Corporation
International (NYSE: SCI) (the "Company") announced today that it
has entered into a $1.675 billion
unsecured credit agreement maturing in 2022 providing for a
$1 billion revolving credit facility
and a $675 million Term Loan A.
The Company will use borrowings under these new credit facilities,
along with proceeds from an unsecured debt offering, to refinance
its existing credit facilities and redeem outstanding notes, and
pay related fees and expenses.
Cautionary Statement on Forward-Looking Statements
The statements in this press release that are not historical
facts are forward-looking statements. These forward-looking
statements have been made in reliance on the "safe harbor"
protections provided under the Private Securities Litigation Reform
Act of 1995. These statements may be accompanied by words
such as "believe," "estimate," "project," "expect," "anticipate,"
or "predict," that convey the uncertainty of future events or
outcomes. These statements are based on assumptions that the
Company believes are reasonable; however, many important factors
could cause the Company's actual results in the future to differ
materially from the forward-looking statements made herein and in
any other documents or oral presentations made by, or on behalf of
the Company. There can be no assurance that future dividends
will be declared. The actual declaration of future dividends,
and the establishment of record and payment dates, is subject to
final determination by the Company's Board of Directors each
quarter after its review of the Company's financial
performance. Important factors which could cause actual
results to differ materially from those in forward-looking
statements include, among others, restrictions on the payment of
dividends under existing or future credit agreements or other
financing arrangements; changes in tax laws relating to corporate
dividends; a determination by the Board of Directors that the
declaration of a dividend is not in the best interests of the
Company and its shareholders; an increase in the Company's cash
needs or a decrease in available cash; or a deterioration in the
Company's financial condition or results. For further
information on these and other risks and uncertainties, see the
Company's Securities and Exchange Commission filings, including its
2016 Annual Report on Form 10-K/A. Copies of this document as
well as other SEC filings can be obtained from the website at
http://www.sci-corp.com. The Company has no obligation
and makes no undertaking to publicly update or revise any
forward-looking statements made herein or any other forward-looking
statements made by it, whether as a result of new information,
future events or otherwise.
About Service Corporation International
Service Corporation International, headquartered in Houston, Texas, is North America's leading provider of deathcare
products and services. At September 30,
2017, it owned and operated 1,509 funeral homes and 476
cemeteries (of which 287 are combination locations) in 45 states,
eight Canadian provinces, the District of
Columbia, and Puerto Rico.
Through its businesses, the Company markets the Dignity Memorial®
brand, which offers assurance of quality, value, caring service,
and exceptional customer satisfaction. For more information about
Service Corporation International, please visit the website at
www.sci-corp.com. For more information about Dignity Memorial®,
please visit www.dignitymemorial.com.
For additional information, contact: Debbie Young, 713-525-9088
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SOURCE Service Corporation International