Carriage Services, a publicly owned death care provider that according to its web-site owns and operates 178 funeral homes in 29 states and 32 cemeteries in 11 states, announced last week that they have closed a Senior Notes Offering and entered into a new Senior Secured Revolving Credit Facility.  You can read the company’s press release about this announcement here.

According to the press release the proceeds from the sale of the notes will be used to repay its existing indebtedness under its former secured credit facility.  The company also said it will use the notes for general corporate purposes and acquisitions.

Carriage Services also announced it entered into a new senior secured revolving credit facility with commitments of $150 million in order to provide working capital for general corporate purposes.

In addition to those announcements the company also announced that they will be hosting a conference call to discuss their balance sheet recapitalization.  That call will be held on Wednesday, June 6 at 8:00 am central time.  This link will give you information on how to listen to the call live or to view the discussion via the internet.

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