SERVICE CORPORATION INTERNATIONAL
424B5, 1996-11-20
PERSONAL SERVICES
Previous: SENSORMATIC ELECTRONICS CORP, 10-K/A, 1996-11-20
Next: SHOP VAC CORP, S-4, 1996-11-20



<PAGE>   1


                                                                 For SEC Filing
                                                                 Purposes Only:
                                                                 Rule 424(b)(5)
                                                             File No. 333-01857
                                      
           Prospectus Supplement to Prospectus Dated March 28, 1996

                      SERVICE CORPORATION INTERNATIONAL

            Terms of 5% Convertible Debentures, Series T, due 2006

Title:                5% Convertible Debentures, Series T, due 2006 (the 
                      "Debentures")

Principal Amount:     $1,322,000 in aggregate principal amount of the Debentures
                      will be issued as a portion of the consideration for the 
                      outstanding capital stock of Ridge Funeral Home, Inc.

Conversion Price:     $36.72 per share, subject to adjustment.

Conversion Date:      On or after November 27, 1997.

Maturity Date:        November 26, 2006

Interest Rate:        5% per annum accruing from November 26, 1996.

Federal Tax Matters:  The applicable federal rate on long-term indebtedness for
                      November 1996, compounded quarterly, is 5.48% for
                      purposes of determining the original issue discount
                      applicable to the Debentures for federal income tax
                      purposes. The original issue discount per $1,000
                      principal amount of the Debentures is $36.87.

Other Matters:        Payments of principal and interest on the Debentures are 
                      subject to the Company's rights of set-off as provided 
                      in the agreement governing the acquisition.


                      The Date of this Supplement is November 20, 1996.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission