Service Corporation International’s $800 Million Notes Offering

Shearman & Sterling advised Service Corporation International on the deal, while Cravath represented the underwriters.

Service Corporation International (SCI) executed the public offering of $800 million aggregate principal amount of its 4.000% senior notes due 2031.

J.P. Morgan acted as the lead joint book-running manager for the offering.

SCI, headquartered in Houston, Texas, is North America’s largest provider of deathcare products and services, with a network of funeral service locations and cemeteries unequaled in geographic scale and reach. At March 31, 2021, SCI operated 1,461 funeral service locations and 484 cemeteries (including 296 funeral service/cemetery combination locations), which are geographically diversified across 44 states, eight Canadian provinces, the District of Columbia and Puerto Rico. Through its businesses, SCI markets the Dignity Memorial® brand, which offers assurance of quality, value, caring service, and exceptional customer satisfaction.

Shearman & Sterling advised Service Corporation International with a team inlcuding Jonathan (JD) Desantis (Picture), Robert D. Giannattasio, Nauka Patel, Paul Schreiber, Thomas Majewski, Elliot Domio, Adam Sternberg, and Austin Jones.

Cravath represented the underwriters with a team which included partner Craig F. Arcella and associates Ryan J. Wichtowski and William N. Hall on capital markets matters, and partner Kara L. Mungovan and associate Duncan H. Hardell on tax matters.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Duncan Hardell – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Ryan Wichtowski – Cravath Swaine & Moore; Jonathan DeSantis – Shearman & Sterling; Elliot Domio – Shearman & Sterling; Robert Giannattasio – Shearman & Sterling; Austin Jones – Shearman & Sterling; Thomas Majewski – Shearman & Sterling; Nauka Patel – Shearman & Sterling; Paul Schreiber – Shearman & Sterling; Adam Sternberg – Shearman & Sterling;

Law Firms: Cravath Swaine & Moore; Shearman & Sterling;

Clients: J.P. Morgan Securities LLC; Service Corporation International;

Author: Martina Bellini