Carriage Services closed its private offering and increased the commitments of its senior secured revolving credit facility to $190 million.
Carriage Services closed its private offering of $325 million and used a portion to repay its existing indebtedness under its former secured credit facility. The company also closed a new $150 million senior secured facility with Bank of America as administrative agent.
Carriage Services amended its credit agreement, lowering its revolver to $150 million from $200 million and increasing new funding under its term loan of $150 million from $125 million. Bank of America will continue as administrative agent.
Carriage Services announced a fifth amendment to its credit agreement, which increases from $235 million to $325 million and continues to be administered by Bank of America.
Carriage Services announced it entered into a fifth amendment to its credit agreement increasing the total from $235 million to $325 million. The facility continues to be administered by Bank of America.