SERVICE CORP INTERNATIONAL

PART I

5. Debt

The components of Debt are:

Current maturities of debt at September 30, 2026 include amounts due under our 7.50% Senior Notes due April 2027, term loan, mortgage notes and other debt, and finance leases within the next year as well as the portion of unamortized debt issuance costs expected to be recognized in the next twelve months. The Company believes it has sufficient existing liquidity to satisfy these obligations as well as continued access to the debt capital markets.

Approximately 79% of our total debt had a fixed interest rate at both September 30, 2026 and December 31, 2025.

The components of our weighted average interest rate are as follows:

During the nine months ended September 30, 2026 and 2025, we paid $162.9 million and $159.5 million in cash interest, respectively.

Bank Credit Agreement

The bank credit agreement provides us with flexibility for working capital, if needed, and is guaranteed by a majority of our domestic subsidiaries. The subsidiary guaranty is a guaranty of payment of the outstanding amount of the total lending commitment, including letters of credit. The bank credit agreement contains a maximum leverage ratio financial covenant and certain dividend and share repurchase restrictions. As of September 30, 2026, we were in compliance with all of our debt covenants. During the nine months ended September 30, 2026, we closed $46.0 million of letters of credit associated with our renewable energy tax credit investments that were fully funded. This was partially offset by a net $0.3 million letters of credit issued. At September 30, 2026, we issued $1.3 million of letters of credit and pay a quarterly fee on the unused commitment, which was 0.20%. As of September 30, 2026, we have $1,513.7 million in borrowing capacity under the facility. The bank credit agreement had an interest rate of 5.65% and 5.44% at September 30, 2026 and December 31, 2025, respectively. As of December 31, 2025, we had $47.0 million of letters of credit outstanding.

20 Service Corporation International

PART I

Debt Issuances and Additions

During the nine months ended September 30, 2026, we issued or added $586.1 million of debt including:

•$530.0 million on our Bank Credit Facility due November 2030; and

•$56.1 million on our Corporate Headquarters Debt Facility due February 2037.

Net proceeds were used for general corporate purposes and to fund the new corporate headquarters.

During the nine months ended September 30, 2025, we issued or added $688.5 million of debt including:

•$655.0 million on our Bank Credit Facility due January 2028; and

•$33.5 million on our Corporate Headquarters Debt Facility due February 2037.

Net proceeds were used for general corporate purposes and to fund the new corporate headquarters.

Debt Reductions

During the nine months ended September 30, 2026, we made aggregate debt payments of $570.7 million for scheduled and early debt payments including:

•$550.0 million in aggregate principal of our Bank Credit Facility due November 2030;

•$14.1 million in aggregate principal of our Term Loan due November 2030; and

•$6.6 million in other debt.

During the nine months ended September 30, 2025, we made aggregate debt payments of $509.2 million for scheduled and early debt payments including:

•$490.0 million in aggregate principal of our Bank Credit Facility due January 2028;

•$12.7 million in aggregate principal of our Term Loan due January 2028; and

•$6.5 million in other debt.

FORM 10-Q 21