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SERVICE CORPORATION INTERNATIONAL COMPLETES REDEMPTION OF DEBENTURES

 HOUSTON, March 2 /PRNewswire/ -- Service Corporation International (SCI) (NYSE: SRV) announced today that it has completed the redemption of its 6-1/2 percent convertible subordinate debentures due April 15, 2011. Holders of $97.2 million of the debentures converted into common stock, resulting in the
issue of 5.6 million shares. The remaining $2.8 million outstanding under the issue were redeemed for cash.
 Service Corporation International, the world's largest funeral service organization, owns and operates 678 funeral homes and 173 cemeteries in 39 states, the District of Columbia and four Canadian provinces. SCI's common stock is traded on the New York Stock Exchange, under the ticker symbol SRV.
 -0- 3/2/93
 /CONTACT: Bill Barrett, 713-525-5497, or George Champagne, 713-525-5546, both of Service Corporation International/
 (SRV)


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

WB-SM -- NY059 -- 1921 03/02/93 11:45 EST
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Publication:PR Newswire
Date:Mar 2, 1993
Words:144
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