Service Corp. enters $1.4 billion credit agreement maturing in 2021

By Wendy Van Sickle

Columbus, Ohio, March 3 – Service Corp. International entered into a $1.4 billion unsecured credit agreement maturing in 2021 providing for a $700 million revolving credit facility and a $700 million term loan A, according to a press release.

The company said it will use proceeds from the term loan A and some revolver drawings to repay $580 million of outstanding borrowings under its existing credit agreement and to redeem all $295 million of outstanding 7% senior notes due 2017.

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

© 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.