{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-112380","form_type":"8-K","ticker":"CSV","cik":"0001016281","company_name":"CARRIAGE SERVICES INC","filed_at":"2026-09-30T20:49:33+00:00","discovered_at":"2026-09-30T20:51:00.210038+00:00","generated_at":"2026-10-12T14:08:34.379113+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Carriage Services closes $300M revolving credit facility, replaces $250M facility and terminates $100M ATM program","bullets":["New senior secured revolving credit facility provides up to $300,000,000 and matures September 30, 2031, with springing maturity to February 14, 2029 if 4.25% notes are not refinanced.","It replaces the existing $250 million facility, which was repaid and terminated on the closing date, increasing committed borrowing capacity by $50 million.","Borrowings price at Term SOFR plus 1.25% to 2.00%, or alternate base rate plus 0.25% to 1.00%, based on total net leverage; JPMorgan Chase is administrative agent.","Covenants include maximum total net leverage of 5.00x, adjusted 5.50x for qualifying acquisitions, and minimum fixed charge coverage of 1.20x.","Carriage also terminates its $100 million at-the-market equity program effective October 4, 2026 and lowers its targeted leverage range to 3.0x-3.5x from 3.5x-4.0x."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-112380","json":"https://secwatch.observer/filing/0001104659-26-112380.json","markdown":"https://secwatch.observer/filing/0001104659-26-112380.md","text":"https://secwatch.observer/filing/0001104659-26-112380.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1016281/000110465926112380/0001104659-26-112380-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1016281/000110465926112380/tm2626597d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:08:34.379113+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}