Carriage Services Announces Closing Of New Senior Secured Credit Facility

Carriage Services

announces that it has closed its previously announced Commitment with Bank of America N.A. as Administrative Agent and Merrill Lynch Pierce Fenner and Smith Incorporated as Sole Lead Arranger and Sole Book Manager for a Senior Secured Credit Facility. Raymond James Bank N.A., Regions Bank and Amegy Bank N.A. all served as co-syndication agents. The new Senior Secured Credit Facility will be $235,000,000, including a new 5-year $130,000,000 Term Loan and an up to $105,000,000 Revolving Credit Facility.