Carriage Services closes new USD 300 million revolving credit facility, replacing USD 250 million line
Bitget2026/09/30 20:33- 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.
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