M&A - SONIDA SENIOR LIVING, INC.
Form Type: 8-K
Filing Date: 2025-06-09
Corporate Action: Acquisition
Type: New
Accession Number: 000119312525137477
Filing Summary: On June 9, 2025, Sonida Senior Living, Inc. announced the completion of two acquisitions of senior living communities. The first acquisition is located in the Atlanta, Georgia submarket with a purchase price of $11 million, and the second acquisition is in the Tampa, Florida submarket, also priced at $11 million. A press release detailing these transactions was issued and is included as Exhibit 99.1 in the report. This report fulfills regulatory requirements under the Securities Exchange Act of 1934.
Additional details:
Item Name: press_release_date
Item Value: 2025-06-09
Item Name: first_acquisition_location
Item Value: Atlanta, Georgia
Item Name: first_acquisition_price
Item Value: 11 million
Item Name: second_acquisition_location
Item Value: Tampa, Florida
Item Name: second_acquisition_price
Item Value: 11 million
Form Type: 8-K
Filing Date: 2025-01-06
Corporate Action: Acquisition
Type: New
Accession Number: 000119312525002203
Filing Summary: On December 31, 2024, Sonida Senior Living, Inc. entered into an Omnibus Amendment to Multifamily Loan and Security Agreements with Fannie Mae and its Original Lenders, extending the maturity dates of 18 Loan Agreements to January 1, 2029. This amendment involved scheduled prepayments of principal totaling $7 million over several years and the potential termination of a $10 million guaranty contingent on timely payments. Additionally, the company announced the completion of the Cincinnati Acquisition, acquiring a senior living community in Cincinnati, Ohio, for $16.3 million, financed through $18.25 million of seller financing, including $2 million allocated for capital investment in the community. A press release detailing these events was issued on January 6, 2025.
Additional details:
Date Of Report: 2024-12-31
Acquisition Price: 16.3 million
Seller Financing: 18.25 million
Capital Expenditure Investment: 2 million
Interest Rate: 3%
Maturity Date: 2029-01-01
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