Carriage Services Closes New $300 Million Credit Facility to Enhance Liquidity
Key Facts
Carriage Services closed a new $300 million senior secured revolving credit facility to enhance its liquidity profile. GlobeNewswire reported that the facility is intended to expand strategic flexibility for the company's funeral and cemetery operations.
CSV shares closed at $30.98 on September 29, 2026, prior to the announcement of the new financing aimed at supporting financial stability. The move aligns with management's efforts to strengthen the capital structure and provide additional resources for operational growth.
Latest Updates · 1
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Update: Carriage Services has terminated its equity offering program in conjunction with these financing developments. The company also announced a reduction in its leverage target, aiming to improve the balance sheet and reduce reliance on new equity issuances.