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)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses