Service Corporation International Completes Offering of $200 Million of Senior Notes

Service Corporation International Completes Offering of $200 Million of Senior

PR Newswire

HOUSTON, Nov. 8, 2012

HOUSTON, Nov. 8, 2012 /PRNewswire/ -- Service Corporation International (NYSE:
SCI) ("SCI"), the largest provider of deathcare products and services in North
America, announced today that it had successfully completed its previously
announced public offering of $200million aggregate principal amount of its
4.5% Senior Notes due 2020. SCI intends to use the net proceeds from the
offering, along with a borrowing of approximately $9.6 million under its
second amended and restated credit facility, to redeem all of its outstanding
7^3/[8]% Senior Notes due 2014.

SCI also announced today that it intends to redeem approximately $181 million
aggregate principal amount of its Series A 7^3/[8]% Senior Notes due 2014 as
described above. The redemption price will be 111.87% of the principal amount
thereof, together with accrued and unpaid interest thereon to the redemption
date, which is December 8, 2012. Settlement will occur on December 10, 2012.
Pursuant to the terms of the indenture, the Bank of New York Mellon Trust
Company, N.A., acting as Trustee, sent notices to all Holders of the Notes on
November 8, 2012. The Trustee is the redemption agent/paying agent and may be
reached at Corporate Trust, 601 Travis, 16^th Floor, Houston, Texas 77002.

This press release is for informational purposes only and is neither an offer
to purchase nor a solicitation of an offer to sell SCI's 7^3/[8]% Senior Notes
due 2014. This press release does not constitute a notice of redemption
pursuant to the indenture governing the notes.

Forward-Looking Statements

Information set forth in this release contains forward-looking statements,
which involve a number of risks and uncertainties. SCI cautions readers that
any forward-looking information is not a guarantee of future performance and
that actual results could differ materially from those contained in the
forward-looking information.

Factors that could cause actual results to differ from those set forth in the
forward-looking statements are contained in SCI's filings with the SEC, which
are available at SCI's website or at the SEC's web site SCI disclaims any obligation to update and revise statements
contained in these materials based on new information or otherwise, except as
required by applicable law.

For additional information contact:

Investors: Debbie Young - Director / Investor Relations       (713) 525-9088
Media: Lisa Marshall - Managing Director / Corporate           (713) 525-3066

SOURCE Service Corporation International

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