---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-001552"
form_type: "8-K"
ticker: "SNDA"
cik: "0001043000"
company_name: "SONIDA SENIOR LIVING, INC."
filed_at: "2026-01-05T23:59:59+00:00"
generated_at: "2026-05-16T11:37:41.492202+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-001552
- form_type: 8-K
- ticker: SNDA
- cik: 0001043000
- company_name: SONIDA SENIOR LIVING, INC.
- filed_at: 2026-01-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043000/000119312526001552/0001193125-26-001552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043000/000119312526001552/d52757d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-001552
- JSON: https://secwatch.observer/filing/0001193125-26-001552.json
- Plain text: https://secwatch.observer/filing/0001193125-26-001552.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000119312526001552/0001193125-26-001552-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.