New Issue-Service Corp Int'l sells $250 mln notes

Wed Nov 17, 2010 5:46pm EST

  Nov 17 (Reuters) - Service Corporation International
(SCI.N) on Wednesday sold $250 million of senior notes, said
IFR, a Thomson Reuters service.
  Bank of America Merrill Lynch and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: SERVICE CORPORATION INTERNATIONAL
AMT $250 MLN      COUPON 7.00 PCT     MATURITY 5/15/2019 
TYPE SR NTS       ISS PRICE 100       FIRST PAY 5/15/2011
MOODY'S B1        YIELD 7.00 PCT      SETTLEMENT 11/22/2010
S&P BB-MINUS      SPREAD 447 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS                                  

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