---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-025193"
form_type: "8-K"
ticker: "SNDA"
cik: "0001043000"
company_name: "SONIDA SENIOR LIVING, INC."
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T07:39:37.738897+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sonida Senior Living raises $47.75M equity, buys $77.4M debt at 48% discount

## Summary
- Private placement of 5.03M shares at $9.50/share (5% premium to 30-day VWAP); first tranche of $31.8M closed Feb 1.
- Purchased $77.4M Protective Life mortgage debt for $40.2M (48% discount), reducing total debt by $52.6M or 9%.
- Annual debt service savings of ~$3.2M; total debt post-transaction $580.7M with 3.7-year weighted-average maturity.
- 92% of outstanding debt is interest-only through 2026; only $31.8M matures before Dec 2026.
- $25M equity capital available for acquisitions; advanced discussions for a four-asset portfolio with double-digit stabilized cap rate.

## SEC filing metadata
- accession: 0001193125-24-025193
- form_type: 8-K
- ticker: SNDA
- cik: 0001043000
- company_name: SONIDA SENIOR LIVING, INC.
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043000/000119312524025193/0001193125-24-025193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043000/000119312524025193/d687922d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-025193
- JSON: https://secwatch.observer/filing/0001193125-24-025193.json
- Plain text: https://secwatch.observer/filing/0001193125-24-025193.txt

## Key facts
- Material Agreements
  SONIDA SENIOR LIVING, INC. entered into Securities Purchase Agreement with Conversant Parkway (A) LP, Conversant Parkway (B) LP, Silk Partners, LP, PF Investors, LLC, Solas Capital Partners, LP, Solas Capital Partners II, LP, Blackwell Partners LLC - Series A, and Paul J. Isaac valued at aggregate of 5,026,318 shares...at a price of $9.50 per share (effective 2024-02-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Conversant Parkway (A) LP, Conversant Parkway (B) LP, Silk Partners, LP, PF Investors, LLC, Solas Capital Partners, LP, Solas Capital Partners II, LP, Blackwell Partners LLC - Series A, and Paul J. Isaac
  - Value: aggregate of 5,026,318 shares...at a price of $9.50 per share
  - Effective: 2024-02-01
  source text: Sonida Senior Living, Inc. (the “ Company ”) entered into a securities purchase agreement (the “ Securities Purchase Agreement ”) with Conversant Parkway (A) LP (“ Conversant A ”), Conversant Parkway (B) LP (“ Conversant B ” and, together with Conversant A, “ Conversant ”), Silk Partners, LP (“ Silk ”), PF Investors, LLC (“ PF Investors ” and, together with Silk, the “ Silk Investors ”), Solas Capital Partners, LP (“ Solas I ”), Solas Capital Partners II, LP (“ Solas II ”), Blackwell Partners LLC - Series A (“ Blackwell ” and, together with Solas I and Solas II, “ Solas ”), and Paul J. Isaac
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000119312524025193/0001193125-24-025193-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.