debt
confidence high
sentiment neutral
materiality 0.50
SCI prices $800M 5.750% Senior Notes due 2032 to repay revolver borrowings
SERVICE CORP INTERNATIONAL
- $800M aggregate principal of 5.750% Senior Notes due 2032 priced on Sept 12, 2024.
- Net proceeds to repay outstanding loans under revolving credit facility and related expenses.
- Closing expected Sept 17, 2024, subject to customary closing conditions.
- Wells Fargo Securities is lead joint book-running manager for the offering.
- Notes offered via effective shelf registration statement; prospectus supplement filed with SEC.