ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On September 3, 2020, Carriage Services, Inc. (the "Company") entered into
privately negotiated notes repurchase agreements (the "Agreements") with certain
holders (the "Noteholders") of its outstanding 2.75% Convertible Subordinated
Notes due 2021 (the "Convertible Notes"), pursuant to which the Company agreed
to repurchase (the "Repurchases") approximately $3.76 million in aggregate
principal amount of the Convertible Notes held by the Noteholders for an
aggregate of approximately $4.56 million in cash.
The Company anticipates that the Repurchases will settle on or about
September 9, 2020. Upon settlement of the Repurchases, the aggregate principal
amount of the Convertible Notes outstanding is expected to be reduced to
approximately $2.56 million.
The foregoing description of the Agreements is qualified in its entirety by
reference to the form of notes repurchase agreement filed as Exhibit 10.1 of
this Current Report on Form 8-K, which is incorporated by reference herein.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
10.1 Form of Notes Repurchase Agreement.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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