Senior Notes (Tables)

3 Months Ended

Mar. 31, 2025

The carrying value of our 4.25% senior notes due 2029 (the “Senior Notes”) is reflected on our Consolidated Balance Sheets as follows (in thousands):


	March 31, 2025		December 31, 2024

Principal amount	$	400,000	$	400,000

Debt discount, net of accumulated amortization of $1,986 and $1,848, respectively	(2,514)		(2,652)
Debt issuance costs, net of accumulated amortization of $565 and $526, respectively	(712)		(751)
Carrying value of the Senior Notes	$	396,774	$	396,597

Schedule of Long-term Debt Instruments

Our Credit Facility and acquisition debt consisted of the following (in thousands):


	March 31, 2025		December 31, 2024
Credit Facility	$	120,000	$	137,000
Debt issuance costs, net of accumulated amortization of $3,035 and $2,947, respectively	(1,530)		(1,618)
Total Credit Facility	$	118,470	$	135,382

Acquisition debt	$	5,437	$	5,466
Less: current portion	(581)		(571)
Total acquisition debt, net of current portion	$	4,856	$	4,895

The interest expense and amortization of debt issuance costs related to our Credit Facility are as follows (in thousands):



	Three months ended March 31,
		2025		2024
Credit Facility interest expense		$	2,499	$	3,916
Credit Facility amortization of debt issuance costs		88		138

The imputed interest expense related to our acquisition debt is as follows (in thousands):



	Three months ended March 31,
	2025		2024
Acquisition debt imputed interest expense	$	94	$	104

The interest expense and amortization of debt discount and debt issuance costs related to our Senior Notes are as follows (in thousands):


	Three months ended March 31,
		2025		2024
Senior Notes interest expense		$	4,250	$	4,250
Senior Notes amortization of debt discount		138		132

Senior Notes amortization of debt issuance costs		39		38

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

CARRIAGE SERVICES INC 10-Q