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Service Corporation International Completes Private Offering Of $425 Million Of 5.375% Senior Notes Due 2022 (SCI - Service Corporation International)

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(Source: SCI - Service Corporation International) HOUSTON, July 1, 2013/PRNewswire/ -- Service Corporation International (NYSE: SCI) ("SCI") announced today that it has successfully completed its previously announced private offering of $425 millionaggregate principal amount of 5.375% Senior Notes due 2022 (the "Notes"). The Notes will bear interest at 5.375% per year and were priced at par. The net proceeds from the offering will be used, together with borrowings under SCI's senior credit facilities and cash on hand, to finance SCI's previously announced acquisition (the "Acquisition") of Stewart Enterprises, Inc. ("Stewart"), including the...

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