Service Corp. refinances with new $2.18 billion credit agreement

By William Gullotti

Buffalo, N.Y., Jan. 11 – Service Corp. International entered into a new $2.175 billion unsecured credit agreement maturing in 2028 on Wednesday, according to a press release.

The new facility consists of a $1.5 billion revolver and a $675 million term loan A.

Proceeds are being used to refinance existing credit facilities and pay related fees and expenses.

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

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