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AI brief of an SEC Form 8-K · CARRIAGE SERVICES INC (CSV)

Carriage Services closes $300 million credit facility and ends $100 million ATM program

Positive Impact 3 of 5 financing Written later

Carriage Services entered a five-year, $300 million senior secured revolving credit facility led by JPMorgan Chase, which replaces its $250 million facility, and terminated its $100 million at-the-market equity offering program effective October 4, 2026. The company says the new facility lowers borrowing costs and adds liquidity, and that it is lowering its targeted leverage range to 3.0x–3.5x. The facility is secured by a first-priority lien on substantially all company and subsidiary guarantor assets.

Key points

  • Revolving credit facility of up to $300 million, with an optional $100 million accordion feature that no lender is obligated to fund
  • Replaces the $250 million facility from May 2021; the company says the new facility expands capacity and reduces borrowing spreads
  • $100 million at-the-market equity program terminated effective October 4, 2026
  • Targeted leverage ratio lowered from 3.5x–4.0x to 3.0x–3.5x; $400 million of 4.25% Senior Notes mature in May 2029

The filing

CompanyCARRIAGE SERVICES INC (CSV)
Form8-K, current report
Filed with the SECSep 30, 2026, 4:49 PM ET
Accession number0001104659-26-112380

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.