Service Corporation International to Redeem All Outstanding 5.375% Notes due 2024
Service Corporation International (NYSE: SCI) announced its intention to redeem all outstanding 5.375% Senior Notes due 2024 on September 9, 2020. The redemption will occur at a price of 101.792%, plus any accrued interest. Payment will be made upon the presentation and surrender of the notes to The Bank of New York Mellon Trust Company, N.A. This announcement is not a solicitation to purchase securities and includes forward-looking statements which are subject to various risks. For more detailed information, refer to SEC filings on SCI’s website.
- Intention to redeem 5.375% Senior Notes indicates proactive financial management.
- Redemption price of 101.792% suggests a premium payout to investors.
- None.
HOUSTON, Aug. 10, 2020 /PRNewswire/ -- Service Corporation International (NYSE: SCI) (the "Company"), announces today that it intends to redeem all of its outstanding
The redemption date will be September 9, 2020 and the Notes will be redeemed at a redemption price equal to
Payment will be made upon presentation and surrender of the Notes to The Bank of New York Mellon Trust Company, N.A.
This press release does not constitute an offer to purchase nor the solicitation of an offer to sell nor shall there be any purchase of these securities in any state in which such offer, solicitation or purchase would be unlawful. This press release does not constitute a notice of redemption with respect to the notes being redeemed.
Cautionary Statement on Forward-Looking Statements
The statements in this press release that are not historical facts are forward-looking statements made in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. These statements may be accompanied by words such as "believe", "estimate", "project", "expect", "anticipate", or "predict" that convey the uncertainty of future events or outcomes. These statements are based on assumptions that we believe are reasonable; however, many important factors could cause our actual consolidated results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of, the Company.
For further information on these and other risks and uncertainties, see our Securities and Exchange Commission ("SEC") filings, including our 2019 Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020. Copies of this document as well as other SEC filings can be obtained from our website at www.sci-corp.com. We assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.
About Service Corporation International
Service Corporation International (NYSE: SCI), headquartered in Houston, Texas, is North America's leading provider of deathcare products and services. At June 30, 2020, we owned and operated 1,472 funeral service locations and 483 cemeteries (of which 296 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. Through our businesses, we market the Dignity Memorial® brand which offers assurance of quality, value, caring service, and exceptional customer satisfaction.
CONTACT: Sandy Bobo, sandy.bobo@sci-us.com
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SOURCE Service Corporation International
FAQ
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