Service Corp. calls 6.75% convertibles

New York, May 13 - Service Corp. International said it will redeem its 6.75% convertible subordinated notes due 2008 on June 22.

The Houston funeral and cemetery company will pay 103.86% of par plus accrued interest up to but excluding the redemption date.

Currently there are $312.7 million of the securities outstanding.

Funding for the redemption will come from cash on hand.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.