Service Corp. gets $400 million amended and restated revolver

By Sara Rosenberg

New York, Nov. 24 - Service Corp. International closed on a $400 million amended and restated revolving credit facility due Nov. 28, 2013, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

JPMorgan and Bank of America acted as joint lead arrangers and joint bookrunners on the deal that was completed on Nov. 18.

Pricing on the revolver can range from Libor plus 200 basis points to 350 bps and the commitment fee can range from 50 bps to 62.5 bps, based on leverage.

Covenants include leverage and interest coverage ratios.

Service Corp. is a Houston-based death care products and services provider.

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