CARRIAGE SERVICES, INC.

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Delayed Nyse  -  05/18 04:00:02 pm EDT
38.68 USD   -4.89%
05/06CARRIAGE SERVICES, INC. : Ex-dividend day for
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05/03CARRIAGE SERVICES INC Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)
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05/03Tranche Update on Carriage Services, Inc.'s Equity Buyback Plan announced on February 25, 2016.
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CARRIAGE SERVICES INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

11/23/2021 | 04:07pm EDT

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On November 22, 2021, Carriage Services, Inc. (the "Company") entered into a first amendment and commitment increase (the "Credit Agreement Amendment") to its first amended and restated credit agreement dated May 13, 2021 (as amended, the "Existing Credit Agreement") with the financial institutions party thereto, as lenders, and Bank of America, N.A., as administrative agent. Pursuant to the Credit Agreement Amendment, the Revolving Credit Commitment (as defined in the Existing Credit Agreement) available under the Existing Credit Agreement was increased from $150 million to $200 million. After giving effect to its entry into the Credit Agreement Amendment, the Company expects to have $100,480,565 million of outstanding borrowings under the Existing Credit Agreement and $99,519,435 million of availability after giving effect to $2,280,565 million of outstanding letters of credit.

The foregoing description of the Credit Agreement Amendment is qualified in its entirety by reference to the Credit Agreement Amendment, a copy of which is attached hereto as Exhibit 10.1, and incorporated by reference herein.

ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN

           OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT


The disclosures above under Item 1.01 of this Current Report on Form 8-K are also responsive to Item 2.03 of this Current Report on Form 8-K and are hereby incorporated by reference into this Item 2.03.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS



(d)  Exhibits



10.1      First Amendment and Commitment Increase to First Amended and Restated
        Credit Agreement dated as of November 22, 2021, among Carriage Services,
        Inc., the financial institutions party thereto, as lenders, and Bank of
        America, N.A., as administrative agent, swing line lender and L/C issuer.


104     The cover page from this Current Report on Form 8-K, formatted as Inline
        XBRL.

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