HOUSTON, May 10, 2021 /PRNewswire/ -- Service Corporation
International (NYSE: SCI) (the "Company") announces that it intends
to offer $800 million aggregate
principal amount of senior notes, subject to market and other
conditions. The offering will be made by means of an underwritten
public offering pursuant to an effective shelf registration
statement filed with the Securities and Exchange Commission (the
"SEC"). The Company will use the net proceeds from the offering to
fund the redemption of all of its outstanding 8.000% Senior Notes
due 2021, repay the outstanding loans under its revolving credit
facility and pay related fees, interest and expenses. The Company
intends to use any remaining net proceeds for general corporate
purposes.
J.P. Morgan will act as the lead joint book-running manager for
the offering.
The offering may be made only by means of a prospectus
supplement and accompanying base prospectus. The prospectus
supplement will be filed with the SEC and may be found on its
website at www.sec.gov. When available, copies of the prospectus
supplement relating to the public offering may be obtained
from:
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Attention: Prospectus Department
Telephone: (866) 803-9204
Email: prospectus-eq_fi@jpmchase.com
Cautionary Statement on Forward-Looking Statements
The statements in this press release that are not historical
facts are forward-looking statements 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 we believe
are reasonable; however, many important factors could cause our
actual consolidated 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.
For further information on these and other risks and
uncertainties, see our SEC filings, including our 2020 Annual
Report on Form 10-K and our Quarterly Report on Form 10-Q for the
quarter ended March 31, 2021. Copies
of this document as well as other SEC filings can be obtained from
our website at www.sci-corp.com. We assume no obligation to
publicly update or revise any forward-looking statements made
herein or any other forward- looking statements made by us, whether
as a result of new information, future events or otherwise.
About Service Corporation International
Service Corporation International (NYSE: SCI), headquartered
in Houston, Texas,
is North America's leading provider of funeral, cemetery
and cremation services, as well as final-arrangement planning in
advance. We offer families exceptional service in planning life
celebrations and personalized remembrances. Our Dignity Memorial®
brand serves approximately 500,000 families each year with
professionalism, compassion, and attention to detail. At March
31, 2021, SCI owned and operated 1,461 funeral homes and 484
cemeteries (of which 296 are combination operations) in 44 states,
eight Canadian provinces, the District of Columbia, and Puerto Rico. Please visit
us
at www.SCI-Corp.com and www.DignityMemorial.com.
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SOURCE Service Corporation International