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SERVICE CORPORATION INTERNATIONAL ANNOUNCES SALE OF $150 MILLION SENIOR DEBENTURES

 HOUSTON, Jan. 26 /PRNewswire/ -- Service Corporation International ("SCI") (NYSE: SRV), announced today that it will issue $150 million of 7-7/8 percent senior debentures, priced at par, in a transaction scheduled to close on Feb. 2, 1993. The debentures are due Feb. 1, 2013, and may not be redeemed prior to maturity.
 Moody's Investors Service and Standard & Poor's have reaffirmed the company's senior debt rating for this issue. Underwriters are Merrill Lynch & Co., J.P. Morgan Securities Inc. and the First Boston Corporation. SCI will use the net proceeds of the sale of the debentures to retire outstanding bank debt and will consider prepaying other outstanding redeemable debt.
 Service Corporation International is the largest owner and operator of funeral homes and cemeteries in the world. SCI's operations include 677 funeral homes and 176 cemeteries in 39 states, the District of Columbia and four Canadian provinces. SCI's stock is traded on the New York Stock Exchange. The company's ticker symbol is SRV.
 -0- 1/26/93
 /CONTACT: Bill Barrett, 713-525-5497, or George Champagne, 713-525-5546, both of SCI/
 (SRV)


CO: Service Corporation International ST: Texas IN: SU:

GK-DO -- NY080 -- 9156 01/26/93 14:31 EST
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Publication:PR Newswire
Date:Jan 26, 1993
Words:194
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