Service Corp International Enters Material Agreement

Ticker: SCI · Form: 8-K · Filed: Nov 21, 2025 · CIK: 89089

Sentiment: neutral

Topics: material-agreement, financial-obligation

TL;DR

SCI just signed a big deal, creating a new financial obligation. Details in the 8-K.

AI Summary

Service Corporation International (SCI) entered into a material definitive agreement on November 20, 2025. This agreement creates a direct financial obligation for the registrant. The filing details are part of a current report filed on Form 8-K.

Why It Matters

This filing indicates a significant new financial commitment or partnership for Service Corporation International, which could impact its future financial performance and strategic direction.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.

Key Players & Entities

FAQ

What type of material definitive agreement did Service Corporation International enter into?

The filing states that Service Corporation International entered into a material definitive agreement on November 20, 2025, which also created a direct financial obligation or an obligation under an off-balance sheet arrangement.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is November 20, 2025.

What is the principal executive office address for Service Corporation International?

The principal executive offices are located at 1929 Allen Parkway, Houston, Texas 77019.

What is the IRS Employer Identification Number for Service Corporation International?

The IRS Employer Identification Number for Service Corporation International is 74-1488375.

Under which section of the Securities Exchange Act is this Form 8-K filed?

This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Filing Stats: 862 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2025-11-21 12:56:28

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On November 20, 2025, Service Corporation International (the "Company") entered into a new senior unsecured credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions, as lenders, providing for a $750 million senior term loan facility, maturing in November 2030 (the "Term Loan A"), and a revolving credit facility providing for borrowings of up to $1.75 billion, with commitments expiring and loans maturing in November 2030 (the "Revolving Facility" and, together with the Term Loan A, the "Credit Agreement"). All of the indebtedness outstanding under the Credit Agreement is guaranteed by the Company's current and future domestic subsidiaries (other than certain excluded subsidiaries). The loans under the Credit Agreement will bear interest per annum, at the Company's election, equal to: an alternate base rate plus the applicable rate for such loans. The alternate base rate is the greatest of (a) the NYFRB Rate plus 1/2 of 1% per annum, (b) the rate of interest last quoted by The Wall Street Journal as the "Prime Rate" in the United States and (c) the Term SOFR for a one-month interest period beginning on such day plus 1.00% per annum; Term SOFR for the selected interest period plus the applicable rate for such loans; or RFR plus the applicable rate for such loans. The applicable rate ranges from 1.25% to 2.00% for borrowings based on Term SOFR or RFR and 0.25% to 1.00% for borrowings based on the alternate base rate depending on the Company's leverage ratio. Customary fees are payable in respect of the Credit Agreement, including letter of credit fees and commitment fees. The Credit Agreement includes a number of negative covenants that, among other things, limit or restrict the ability of the Company and its other subsidiaries (including the guarantors) to, subject to certain exceptions, incur additional indebtedness (including guarantees), grant lien

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) The following exhibits are included with this report Exhibit No. Description 10.1 Credit Agreement, dated November 20, 2025, between Service Corporation International, JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions, as lenders party thereto Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. November 20, 2025 Service Corporation International By: /s/ ERIC D. TANZBERGER Eric D. Tanzberger Executive Vice President Chief Financial Officer

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