secwatch.observer — SEC 8-K summary
======================================

Issuer:     SERVICE CORP INTERNATIONAL (SCI)
CIK:        0000089089
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0000089089-25-000097
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SCI enters $2.5B new credit facilities; $750M term loan and $1.75B revolver due 2030
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89089/000008908925000097/0000089089-25-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89089/000008908925000097/sci-20251120.htm
  HTML page:      https://secwatch.observer/filing/0000089089-25-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer