secwatch.observer — SEC 8-K summary
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Issuer:     CARRIAGE SERVICES INC (CSV)
CIK:        0001016281
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001193125-22-165282
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016281/000119312522165282/0001193125-22-165282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016281/000119312522165282/d535125d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-165282

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