StoneMor Partners entered into a new $210 million revolving credit facility, representing a $30 million increase from its previous facility. According to a related 8-K filing, Capital One was administrative agent and swingline lender.

Citizens Bank served as syndication agent. TD Bank and Raymond James Bank were co-documentation agents.

The new agreements replaced the partnership’s fourth amended and restated credit agreement with Bank of America as administrative agent, swing line lender and l/c issuer, The prior credit agreement provided for a revolving credit facility of $180 million, with borrowings classified as either acquisition draws or working capital draws, maturing on December 19, 2019.

The credit agreement provides for up to $210 million initial aggregate amount of revolving commitments, which may be increased, from time to time, in minimum increments of $5 million so long as the aggregate amount of such increases does not exceed $100 million. The operating company may also request the issuance of letters of credit for up to $15.0 million in the aggregate. The maturity date under the credit agreement is the earlier of August 4, 2021 and the date that is six months prior to the earliest scheduled maturity date of any outstanding permitted unsecured indebtedness (at present, such date is December 1, 2020, which is six months prior to June 1, 2021 maturity date of outstanding 7.875% senior notes).

Trevose, PA-based StoneMor Partners is an owner and operator of cemeteries and funeral homes in the U.S., with 307 cemeteries and 107 funeral homes in 28 states and Puerto Rico.