Carriage Services restates $150 million revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, May 13 – Carriage Services, Inc. entered into an amended and restated senior secured revolving credit facility with commitments of $150 million, according to a news release.

Proceeds will be used to provide ongoing working capital and for general corporate purposes.

At closing, about $58.8 million of borrowings were outstanding under the amended and restated facility with roughly $89.1 million available for additional borrowings after giving effect to $2.1 million of outstanding letters of credit.

Carriage Services is a Houston-based provider of death care services and products.

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