New Issue-Service Corp sells $150 mln in notes

Thu Nov 5, 2009 5:29pm EST
 
[-] Text [+]
 Nov 5 (Reuters) - Service Corp International (SCI.N) late
on Thursday sold $150 million of senior notes, said IFR, a
Thomson Reuters service.
 JPMorgan and Bank of America were the joint bookrunning
managers for the sale.
BORROWER: SERVICE CORP INTERNATIONAL
AMT $150 MLN      COUPON 8.00 PCT     MATURITY 11/15/2021
TYPE SNR NTS      ISS PRICE 98.115    FIRST PAY 5/15/2010
MOODY'S B1        YIELD 8.25 PCT      SETTLEMENT 11/10/2009
S&P BB-MINUS      SPREAD 472 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE*      
* MAKE-WHOLE CALL 50 BPS

 

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