secwatch.observer — SEC 8-K summary
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Issuer:     SONIDA SENIOR LIVING, INC. (SNDA)
CIK:        0001043000
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0001193125-25-179495
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonida Senior Living enters $137M amended term loan with Ally Bank at SOFR+2.65%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043000/000119312525179495/0001193125-25-179495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043000/000119312525179495/d906144d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-179495

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer