Sonida Senior Living enters into $900M credit agreement to finance CNL Healthcare Properties acquisition

SONIDA SENIOR LIVING, INC.

Sonida Senior Living (SNDA) signed an amended credit agreement with BMO Bank as administrative agent for $262.5M Tranche 1 and $262.5M Tranche 2 term loans and a $375M revolving credit facility.
The credit facilities will fund the acquisition of 100% of CNL Healthcare Properties (CHP) and for working capital, acquisitions, and capital expenditures.
Loans bear interest at Term SOFR plus a margin ranging from 1.30% to 2.00% depending on leverage ratio, with maturities from three to five years.
The facilities are secured by pledged equity interests in property-owning subsidiaries and subject to borrowing base requirements and financial covenants.
The agreement amends and restates the existing credit agreement dated July 24, 2024, with closing subject to consummation of the CHP acquisition.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SONIDA SENIOR LIVING, INC. entered into Credit Agreement with BMO Bank, N.A., as administrative agent (effective 2025-12-29).

Action: entry
Agreement: credit facility
Counterparty: BMO Bank, N.A., as administrative agent
Effective: 2025-12-29

Exact text from the filing

On December 29, 2025, Sonida Senior Living, Inc., a Delaware corporation (the “ Company ”), entered into an amended and restated credit agreement, dated as of December 29, 2025 (the “ Credit Agreement ”), among the Company, as borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto (the “ Lenders ”), and BMO Bank, N.A., as administrative agent.

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Source: SEC EDGAR

accession 0001193125-26-001552

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