Sonida Senior Living prices upsized offering of 4.3M shares at $27.00; net ~$110.4M for community acquisition

SONIDA SENIOR LIVING, INC.

Offering upsized from 4M to 4.3M shares; priced at $27.00 per share; closed Aug 19, 2024.
Net proceeds of ~$110.4M after underwriting discounts and expenses; underwriters have 30-day option for additional 645K shares.
Company intends to use $102.9M of net proceeds to fund the proposed acquisition of eight senior living communities.
Joint lead book-running managers: Morgan Stanley, RBC Capital Markets, and BMO Capital Markets.
Underwriters' affiliates are lenders under the company's senior secured revolving credit facility.

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