secwatch.observer — SEC 8-K summary
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Issuer:     CARRIAGE SERVICES INC (CSV)
CIK:        0001016281
Form:       8-K
Filed at:   2026-09-30T20:49:33+00:00
Accession:  0001104659-26-112380
Event type: debt
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Carriage Services closes $300M revolving credit facility, replaces $250M facility and terminates $100M ATM program
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016281/000110465926112380/0001104659-26-112380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016281/000110465926112380/tm2626597d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-112380

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