--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-101103" form_type: "8-K" ticker: "SNDA" cik: "0001043000" company_name: "SONIDA SENIOR LIVING, INC." filed_at: "2026-03-11T23:59:59+00:00" generated_at: "2026-05-15T14:40:10.197718+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.95 calibrated_materiality_score: 0.95 confidence: "high" source: SEC EDGAR --- # Sonida completes $1.8B acquisition of CHP, creating $3.3B senior living platform ## Summary - Total consideration $7.22/share CHP: $2.32 cash + 0.1318 SNDA shares per CHP share. - Combined portfolio: 153 communities, ~14,700 owned units; 8th largest U.S. senior living owner. - Estimated 62% accretion to normalized FFO per share on a run-rate basis. - Permanent debt financing $930M (revolver $405M, term loans $525M) plus $270M 364-day bridge loan. - Board changes: Michael Simanovsky appointed Chair; Sam Levinson to join effective May 1, 2026. ## SEC filing metadata - accession: 0001193125-26-101103 - form_type: 8-K - ticker: SNDA - cik: 0001043000 - company_name: SONIDA SENIOR LIVING, INC. - filed_at: 2026-03-11T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.95 - calibrated_materiality_score: 0.95 - confidence: high - sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1043000/000119312526101103/0001193125-26-101103-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043000/000119312526101103/d105266d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-101103 - JSON: https://secwatch.observer/filing/0001193125-26-101103.json - Plain text: https://secwatch.observer/filing/0001193125-26-101103.txt ## Key facts - Debt Financings 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 source text: 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 ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000119312526101103/0001193125-26-101103-index.htm - M&A Transactions 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000119312526101103/0001193125-26-101103-index.htm - Material Agreements 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 source text: 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 ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000119312526101103/0001193125-26-101103-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.