{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-265754","form_type":"8-K","ticker":"SNDA","cik":"0001043000","company_name":"SONIDA SENIOR LIVING, INC.","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.637903+00:00","generated_at":"2026-05-17T00:09:35.406093+00:00","sec_items":["1.01","3.02","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Sonida Senior Living to acquire CNL Healthcare Properties in stock+cash deal valued at $6.90/CHP share","bullets":["Per CHP share: $2.32 cash + $4.58 in SNDA stock based on $26.74 reference price (collar -15%/+30%).","Equity financing: $100M from Conversant and $10M from Silk at $26.74/share; debt: $900M bridge loan + $150M revolver increase to $300M.","Termination fees: $30M payable by either party under certain conditions; each provided $15M letter of credit.","Voting agreement: Conversant entities (52.6% voting power) agree to vote in favor; post-closing board seats for Conversant and Silk.","Closing conditions: stockholder approvals, regulatory OKs, no material adverse effect; outside date May 29, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-265754","json":"https://secwatch.observer/filing/0001193125-25-265754.json","markdown":"https://secwatch.observer/filing/0001193125-25-265754.md","text":"https://secwatch.observer/filing/0001193125-25-265754.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1043000/000119312525265754/0001193125-25-265754-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1043000/000119312525265754/d91882d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:09:35.406093+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}