Carriage Services amends credit facility: revolver raised to $250M, leverage cap to 5.25x

CARRIAGE SERVICES INC

Revolving credit commitments increased from $200M to $250M; $180.3M drawn as of May 27, 2022.
Maximum Total Leverage Ratio raised to 5.25:1.00, providing additional financial flexibility.
Pricing grid modified: new BSBY benchmark replaces LIBOR; applicable rate tied to leverage level.
Restricted payments covenant eased to permit additional stock repurchases subject to conditions.
Borrower had $67.4M available for borrowing after $2.3M of outstanding letters of credit.

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