Service Corporation International has entered into a new senior unsecured credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and a group of other financial institutions. The agreement establishes a $750 million senior term loan facility, set to mature in November 2030, and a $1.75 billion revolving credit facility with commitments expiring and loans maturing in November 2030. All indebtedness under the agreement is guaranteed by SCI's current and future domestic subsidiaries, with certain exceptions. The loans will bear interest at rates based on either an alternate base rate, Term SOFR, or RFR, with applicable margins determined by the company's leverage ratio. The agreement also imposes various covenants, including limits on additional indebtedness, liens, investments, dividends, and mergers, and requires compliance with a leverage ratio covenant. Customary fees, including letter of credit and commitment fees, are payable under the agreement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SCI - Service Corporation International published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000089089-25-000097), on November 21, 2025, and is solely responsible for the information contained therein.
Comments