HOUSTON, Aug. 18, 2015 /PRNewswire/ -- Service
Corporation International (NYSE: SCI) (the "Company") announced
today that it had successfully completed its previously announced
public offering of $300 million aggregate principal amount of
its 5.375% Senior Notes due 2024 (the "Notes") in a reopening of
its existing series of such Notes. The Company intends to use the
net proceeds from the offering to redeem all of its outstanding
6.750% Senior Notes due 2016 and to repay approximately
$99 million of outstanding borrowings
under its revolving credit facility.
This press release does not constitute an offer to sell nor the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful. The notes will be offered only by means of
a prospectus supplement and accompanying base prospectus. This
press release does not constitute a notice of redemption with
respect to the notes being redeemed.
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 results in the future to differ materially from
the forward-looking statements made herein and in any other
documents or oral presentations made by us or on our behalf.
Important factors which could cause actual results to differ
materially from those in forward-looking statements include, among
others, unfavorable conditions in the financing markets and our
ability to successfully complete the proposed offering on favorable
terms.
For further information on these and other risks and
uncertainties, see our SEC filings, including our 2014 Annual
Report on Form 10-K. 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, headquartered in Houston, Texas, is North America's leading provider of deathcare
products and services. As of June 30,
2015, the Company operated 1,550 funeral service locations
and 467 cemeteries (including 262 combination locations) in
North America, which are
geographically diversified across 45 states, eight Canadian
provinces, the District of
Columbia and Puerto Rico.
Through its business, the Company markets the Dignity Memorial®
brand, which offers assurance of quality, value, caring service and
exceptional customer satisfaction. For more information about
Service Corporation, please visit www.sci-corp.com. The information
contained on, or that may be accessed through, our website is not
incorporated by reference into, and is not a part of, this press
release.
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SOURCE Service Corporation International