HOUSTON, May 10, 2021 /PRNewswire/ -- Service
Corporation International (NYSE: SCI) (the "Company") announces
that it has priced an underwritten public offering of $800 million aggregate principal amount of
4.000% Senior Notes due 2031. 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 expects to close the sale of
the notes on May 24, 2021, subject to
the satisfaction of customary closing conditions.
The Company will use 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 is acting 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.
View original
content:http://www.prnewswire.com/news-releases/service-corporation-international-announces-pricing-of-senior-notes-offering-301287810.html
SOURCE Service Corporation International