Carriage Services has closed a new $300 million senior secured revolving credit facility, replacing its previous $250 million facility and increasing borrowing capacity by $50 million. The new facility matures on 30 September 2031 and is expected to reduce the effective borrowing margin by approximately 50 basis points as leverage declines below 4.0x. The Houston-based funeral and cemetery services provider said the facility will support working capital, capital expenditures, strategic acquisitions and refinancing activities. Borrowings bear interest at the Term Secured Overnight Financing Rate plus 1.25% to 2.00%, depending on the company's leverage ratio. JPMorgan Chase Bank serves as administrative agent and lead arranger, with Truist Bank and Regions Bank as joint bookrunners. As of 30 June 2026, Carriage operates 155 funeral homes across 24 states and 28 cemeteries in nine states.

CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.

Am I Next? No love at Truist Financial Corporation / rac. Charlotte, North Carolina-based Truist Financial Corporation, an American bank holding company, has announced it will close the Tempe, Arizona facility operated by its Regional Acceptance Corp. subsidiary, an auto finance company that focuses on subprime to near-prime indirect lending, pending an agreement to sell off the loan portfolio of its Regional Acceptance Corp. subsidiary. The closure will impact 120 employees with phased layoffs staged between November 30, 2026, and February 28, 2027. Another 205 employees will be impacted in Arlington, Texas; 56 employees in Winterville, North Carolina; and 97 employees in Greenville, North Carolina. A spokesperson noted, "The company is providing affected employees with severance benefits, job search assistance, and consideration for other roles within Truist." Change is constant, and it's coming. Tomorrow will always come, no matter how much you try to ignore it. Life offers no guarantees, nor promises of a bright future. Am I Next see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it's targeted at someone else? Are you wondering, "Am I Next?"