Service Corporation International Announces New Unsecured Credit Agreement
January 11, 2023 at 04:15 pm EST
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Service Corporation International announced that as of, January 11, 2023, it has entered into a $2.175 billion unsecured credit agreement maturing in 2028 providing for a $1.5 billion revolving credit facility and a $675 million Term Loan A. The Company will use borrowings under these new credit facilities to refinance its existing credit facilities, and pay related fees and expenses.
Service Corporation International is a provider of funeral, cemetery and cremation services, as well as final arrangement planning in advance. The Company's diversified portfolio of brands provides families and individuals a range of choices to meet their needs, from simple cremations to full life celebrations and personalized remembrances. Its Dignity Memorial brand is a transcontinental brand of deathcare products and services. It owns and operates 1,483 funeral service locations and 489 cemeteries (of which 305 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. Its funeral service and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other related businesses. Its cemeteries provide cemetery property interment rights, including developed lots, lawn crypts, mausoleum spaces, niches, and other cremation memorialization and interment options.
SERVICE CORPORATION INTERNATIONAL 
