# SONIDA SENIOR LIVING, INC. (SNDA) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_af0caae5a00263071a75 · retrieved 2026-08-16T21:06:48.181Z

## Overview
Sonida Senior Living, Inc. operates senior living and healthcare facilities, including nursing homes and assisted living communities; the company recently acquired 9 communities from CNL Healthcare Properties in March 2026.

Sonida Senior Living, Inc. entered into a $380.0 million senior secured term loan with Ally Bank on August 7, 2026, which amends and restates the company's existing term loan agreement dated August 7, 2025. The new facility provides an initial advance of $372.5 million on 28 communities (19 existing and 9 acquired from CNL Healthcare Properties in March 2026), with an additional $7.5 million available subject to achieving specified debt yield and debt service coverage ratio thresholds. The loan carries a variable interest rate of one-month SOFR plus 1.85% margin, is interest-only for the initial 5-year term, and includes a 0.75% closing fee ($2.85 million). The maturity date is August 7, 2031, with two optional 12-month extension periods.

## Terms
- Counterparty: Ally Bank · Deal value: $380.0M · Consideration: cash

## Key dates
- Announced 2026-08-13

## Timeline
- 2026-08-13 · 8-K (0001193125-26-347968): 8-K - SONIDA SENIOR LIVING, INC. — *Sonida Senior Living, Inc. operates senior living and healthcare facilities, including nursing homes and assisted living communities; the company recently acquired 9 communities from CNL Healthcare Properties in March 2026.* Sonida Senior Living, Inc. entered into a $380.0 million senior secured term loan with Ally Bank on August 7, 2026, which amends and restates the company's existing term loan agreement dated August 7, 2025. The new facility provides an initial advance of $372.5 million on 28 communities (19 existing and 9 acquired from CNL Healthcare Properties in March 2026), with an additional $7.5 million available subject to achieving specified debt yield and debt service coverage ratio thresholds. The loan carries a variable interest rate of one-month SOFR plus 1.85% margin, is interest-only for the initial 5-year term, and includes a 0.75% closing fee ($2.85 million). The maturity date is August 7, 2031, with two optional 12-month extension periods.
  https://www.sec.gov/Archives/edgar/data/1043000/0001193125-26-347968.txt

## Citations
- 0001193125-26-347968 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526347968