debt
confidence high
sentiment neutral
materiality 0.70
SCI enters $2.5B new credit facilities; $750M term loan and $1.75B revolver due 2030
SERVICE CORP INTERNATIONAL
- New $750M senior term loan A and $1.75B revolving credit facility, both maturing November 2030.
- Pricing ranges from 1.25% to 2.00% over Term SOFR, depending on leverage ratio.
- Leverage ratio covenant set at 5.00x (5.50x after material acquisitions).
- Facilities are unsecured and guaranteed by domestic subsidiaries; JPMorgan Chase is administrative agent.