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 credit facility of $270,000,000 with Royal Bank of Canada (administrative agent), BMO Bank, N.A. (collateral agent), and the lenders from time to time party thereto at Term SOFR plus a margin ranging from 2.00% to 1.35% or base rate plus a margin r maturing 364 days after the Funding Date (March 10, 2026).
- Instrument
- credit facility
- Principal
- $270,000,000
- Counterparty
- Royal Bank of Canada (administrative agent), BMO Bank, N.A. (collateral agent), and the lenders from time to time party thereto
- Rate
- Term SOFR plus a margin ranging from 2.00% to 1.35% or base rate plus a margin r
- Maturity
- 364 days after the Funding Date (March 10, 2026)
- Event
- incurrence
Exact text from the filing
On March 10, 2026 (the “ Funding Date ”), the Company entered into a bridge loan agreement, dated as of March 10, 2026 (the “ Bridge Loan Agreement ”), by and among the Company, as borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto (the “ Bridge Lenders ”), Royal Bank of Canada, as administrative agent, and BMO Bank, N.A., as collateral agent, pursuant to which the Bridge Lenders made a bridge loan to the Company in an aggregate principal amount of $270,000,000 (the “ Bridge Loan ”).
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
SONIDA SENIOR LIVING, INC. completed an acquisition involving CNL Healthcare Properties, Inc. (CHP) for $2.32 in cash and 0.1318 of a share of SNDA Common Stock (closed 2026-03-11).
- Action
- acquisition
- Counterparty
- CNL Healthcare Properties, Inc. (CHP)
- Consideration
- $2.32 in cash and 0.1318 of a share of SNDA Common Stock
- Closing
- 2026-03-11
Exact text from the filing
SNDA, Holdco, SNDA Merger Sub, or any subsidiary of SNDA or wholly owned subsidiary of CHP (the “ Excluded Shares ”)) was cancelled and converted into the right to receive (i) $2.32 in cash and (ii) 0.1318 of a share of SNDA Common Stock. The Company paid approximately $404.4 million in cash and issued an aggregate number of 22,902,649 shares of SNDA Common
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
SONIDA SENIOR LIVING, INC. entered into Bridge Loan Agreement with Royal Bank of Canada, as administrative agent, and BMO Bank, N.A., as collateral agent, and the lenders from time to time party thereto valued at $270,000,000 (effective 2026-03-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Royal Bank of Canada, as administrative agent, and BMO Bank, N.A., as collateral agent, and the lenders from time to time party thereto
- Value
- $270,000,000
- Effective
- 2026-03-10
Exact text from the filing
On March 10, 2026 (the “ Funding Date ”), the Company entered into a bridge loan agreement, dated as of March 10, 2026 (the “ Bridge Loan Agreement ”), by and among the Company, as borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto (the “ Bridge Lenders ”), Royal Bank of Canada, as administrative agent, and BMO Bank, N.A., as collateral agent, pursuant to which the Bridge Lenders made a bridge loan to the Company in an aggregate principal amount of $270,000,000 (the “ Bridge Loan ”).
View on SEC.gov