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Carriage Services closes new USD 300 million revolving credit facility, replacing USD 250 million line
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Carriage Services closes new USD 300 million revolving credit facility, replacing USD 250 million line
  • Carriage Services closed a new USD 300 million senior secured revolving credit facility, replacing its USD 250 million revolver.
  • Stated maturity extended to Sept. 30, 2031, subject to a springing maturity tied to its 4.25% senior notes due 2029.
  • Pricing set at Term SOFR + 1.25% to 2.00% or an alternate base rate + 0.25% to 1.00%, based on net leverage.
  • Facility keeps a 5.00x maximum leverage covenant, plus a 1.20x minimum fixed-charge coverage ratio.
  • JPMorgan Chase Bank is administrative agent; Truist Bank and Regions Bank are joint bookrunners and co-syndication agents.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carriage Services Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609301631PRIMZONEFULLFEED9837341) on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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