On September 30, 2026, Carriage Services entered into a new $300 million senior secured revolving credit facility with JPMorgan Chase Bank as Administrative Agent, replacing its previous $250 million facility. The new five-year facility includes a $100 million accordion option and bears interest at Term SOFR plus 1.25% to 2.00% or an alternate base rate plus 0.25% to 1.00%, depending on the company's leverage ratio. Proceeds were used to repay all outstanding obligations under the existing credit agreement, which was terminated. Concurrently, the company announced a capital allocation framework prioritizing long-term value creation and terminated its $100 million at-the-market equity offering program effective October 4, 2026. The firm operates funeral homes and cemeteries in the United States.
