Carriage Services Announces Closing of Additional Senior Notes Offering and Amendment of the Senior Secured Revolving Credit Facility
The new notes, like the initial notes, are unsecured, senior obligations of the Company, and interest will be payable semi-annually in arrears. The new notes, like the initial notes, are 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 from the sale of the new notes for general corporate purposes, including repaying revolving debt and for paying for its acquisitions.
Neither the new notes nor the related guarantees have been, nor will be, registered under the Securities Act of 1933, as amended (the “Act”), or the securities laws of any other jurisdiction and may not be offered or sold in
In addition to the closing of the notes offering, the Company further amended its existing senior secured revolving credit facility which increased commitments to
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Certain statements made herein or elsewhere by, or on behalf of, the Company that are not historical facts are intended to be forward-looking statements within the meaning of Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on assumptions that the Company believes are reasonable; however, many important factors, as discussed under "Forward-Looking Statements and Cautionary Statements" in the Company's Annual Report on Form 10-K for the year ended
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Source: Carriage Services, Inc.