SONIDA SENIOR LIVING, INC. (SNDA): debt financing — Sonida Senior Living enters $137M amended term loan with Ally Bank at SOFR+2.65%

SONIDA SENIOR LIVING, INC.

Initial advance $122M on 19 communities, including Alpharetta acquired June 2025.
Two additional draws of $7.5M each available upon meeting debt yield/DSC thresholds.
Variable rate: 1-month SOFR plus 2.65% margin, with stepdown to 2.45% and 2.25% based on performance.
Maturity extended to 36 months from Aug 2025; existing $112.9M outstanding under prior loan maturing March 2026.
Borrowers may request up to $40M increase for additional properties, subject to lender review.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

SONIDA SENIOR LIVING, INC. incurred term loan of $122.0 million initial term loan advance (increased from existing $112.9 million outstanding under prior loan), plus two with Ally Bank at one-month SOFR plus 2.65% margin (subject to performance-based stepdown to 2.45% maturing 36 months from August 7, 2025.

Instrument: term loan
Principal: $122.0 million initial term loan advance (increased from existing $112.9 million outstanding under prior loan), plus two
Counterparty: Ally Bank
Rate: one-month SOFR plus 2.65% margin (subject to performance-based stepdown to 2.45%
Maturity: 36 months from August 7, 2025
Event: incurrence

Exact text from the filing

Company’s existing term loan agreement with Ally, dated as of March 10, 2022, as amended. The 2025 Ally Term Loan allows for an initial term loan advance on the closing date of $122.0 million on 19 communities, which includes 18 communities under the existing Ally term loan agreement, as well as the Alpharetta community acquired in June 2025. Two additional draws of

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Source: SEC EDGAR

accession 0001193125-25-179495

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