M&A: SONIDA SENIOR LIVING, INC.

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525002203

Comments: 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.

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