SONIDA SENIOR LIVING, INC. (SNDA): M&A transaction — Sonida closes $103M acquisition of eight senior living communities; upsizes revolver to $150M; signs $29M Atlanta deal

SONIDA SENIOR LIVING, INC.

Completed acquisition of eight Southeast senior living communities for $102.9M (555 units, ~$185K/unit, 85% occupancy, RevPOR >$6K).
Signed agreement to acquire two Atlanta communities for $29.0M (178 units, 86% occupancy, RevPOR ~$5.7K).
Closed additional $75M commitment under credit facility from RBC, expanding total capacity to $150M with three-year term.
Year-to-date acquired 17 communities; total operating portfolio now 91 communities (including eight in JVs).
Portfolio has average asset age of five years; acquisitions at meaningful discount to replacement cost, expected to be accretive.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SONIDA SENIOR LIVING, INC. completed an acquisition involving various affiliates of Principal Senior Living Group for approximately $102.9 million (closed 2024-10-01).

Action: acquisition
Counterparty: various affiliates of Principal Senior Living Group
Consideration: approximately $102.9 million
Closing: 2024-10-01

Exact text from the filing

of the Palm Communities (the “Palm Acquisition”). Upon the completion of the Palm Acquisition, the Company paid the as-adjusted closing purchase price of approximately $102.9 million, which amount is subject to customary post-closing adjustments. The foregoing description of the Palm PSAs and the transactions contemplated thereby is not complete and is

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

SONIDA SENIOR LIVING, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-233740

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