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Service Corporation International Announces Effectiveness of Shelf Registration
HOUSTON, Oct. 29 /PRNewswire/ -- Service Corporation International (NYSE: SRV) (SCI), the world's largest funeral and cemetery company, today announced that its registration statement of $1.5 billion of securities has been declared effective by the Securities and Exchange Commission. It is anticipated that the securities will be issued from time to time through underwriters and may be sold directly to other purchasers or through agents. Except as may be set forth in a prospectus supplement, proceeds from the sale of the securities will be used for general corporate purposes.
As of September 30, 1998, SCI affiliates operated 3,370 funeral service locations, 430 cemeteries and 180 crematoria. SCI provides funeral and cemetery services in 18 countries on five continents.
Other Service Corporation International information and press releases are
available through Company News On-Call by fax, 800-758-5804, extension 104532,
or at http://www.prnewswire.com or SCI's homepage: http://www.sci-corp.com