Carriage services announces offering of additional $75 million senior notes

Carriage services, inc. announced that it intends to offer, subject to market and other conditions, an additional $75 million aggregate principal amount of its 6.625% senior notes due 2026 (the “new notes”) through a private offering to persons who are reasonably believed to be qualified institutional buyers pursuant to rule 144a and to certain persons outside of the united states pursuant to regulation s, each under the securities act of 1933, as amended. the new notes, like the initial notes, will be unsecured, senior obligations of the company, and interest will be payable semi-annually in arrears. the new notes, like the initial notes, will initially be fully and unconditionally guaranteed, on a senior unsecured basis, jointly and severally by each of the company’s subsidiaries that is a borrower, or guarantees indebtedness, under the company’s credit facility. the company intends to use the net proceeds of the proposed offering for general corporate purposes, including reducing revolving debt and acquisitions.
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