---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-003256"
form_type: "8-K"
ticker: "SCI"
cik: "0000089089"
company_name: "SERVICE CORP INTERNATIONAL"
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T16:20:16.342414+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Service Corp International enters $2.175B unsecured credit agreement maturing 2028

## Summary
- $1.5B revolver and $675M term loan A, both maturing January 2028.
- Proceeds to refinance existing credit facilities and pay related fees.
- Interest rates: SOFR plus 1.50%-2.25% or base rate plus 0.50%-1.25%, based on leverage.
- Leverage ratio covenant of 5.00x (step-up to 5.50x for three quarters after a qualified acquisition).
- Indebtedness guaranteed by domestic subsidiaries; customary negative and affirmative covenants.

## SEC filing metadata
- accession: 0001104659-23-003256
- form_type: 8-K
- ticker: SCI
- cik: 0000089089
- company_name: SERVICE CORP INTERNATIONAL
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/89089/000110465923003256/0001104659-23-003256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/89089/000110465923003256/tm233187d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-003256
- JSON: https://secwatch.observer/filing/0001104659-23-003256.json
- Plain text: https://secwatch.observer/filing/0001104659-23-003256.txt

## Key facts
- Material Agreements
  SERVICE CORP INTERNATIONAL entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions, as lenders valued at $675 million senior term loan facility (effective 2023-01-11).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions, as lenders
  - Value: $675 million senior term loan facility
  - Effective: 2023-01-11
  source text: On January 11, 2023, Service Corporation International (the “Company”) entered into a new senior unsecured credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions, as lenders, providing for a $675 million senior term loan facility, maturing in January 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/89089/000110465923003256/0001104659-23-003256-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.