Carriage Services’ $400 Million Senior Notes Offering

Latham & Watkins LLP represented the initial purchasers in the offering.

Carriage Services, Inc., a leading provider of funeral and cemetery services and merchandise in the United States, priced its private offering of US$400 million aggregate principal amount of 4.25% senior notes due 2029. The notes are being offered to persons who are reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to certain non-U.S. persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended. The offering is expected to close on May 13, 2021, subject to customary closing conditions.

BofA Securities, Inc., Regions Securities LLC, BBVA Securities Inc., B. Riley Securities, Inc., Barrington Research Associates, Inc., Citizens Capital Markets, Inc., Roth Capital Partners, LLC, and Sidoti & Company, LLC acted as initial purchasers for the offering.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by New York partners Michael Benjamin (Picture) and Erika Weinberg, with associates John Slater, Paul Rafla, and Autumn Dunn.

Involved fees earner: Michael Benjamin – Latham & Watkins; Paul Rafla – Latham & Watkins; John Slater – Latham & Watkins; Erika Weinberg – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: B. Riley Securities; Bank of America Securities; Barrington Research Associates; BBVA Securities Inc.; Citizens Capital Markets; Regions Securities LLC; Roth Capital Partners, LLC; Sidoti & Company;

Author: Martina Bellini