Sonida Senior Living establishes $250M ATM common stock offering

SONIDA SENIOR LIVING, INC.

Entered into equity distribution agreement with ten sales agents and nine forward purchasers for up to $250M in common stock.
Commissions capped at 2.0% of sale price for sales agents; forward sellers also capped at 2.0% of VWAP.
Proceeds to be used for acquisitions, capital expenditures, working capital, and debt repayment.
Offering made via 'at-the-market' sales on NYSE or in negotiated transactions, including block trades.
Physically settled forward sales expected; cash or net share settlement also possible.

Key facts

Extracted from this filing and checked against the source text.

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

SONIDA SENIOR LIVING, INC. entered into Distribution Agreement with RBC Capital Markets, LLC, BMO Capital Markets Corp., Citigroup Global Markets Inc., Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC, R. Seelaus & Co., LLC and Wells Fargo Securities, LLC valued at $250,000,000 (effective 2026-05-18).

Action: entry
Agreement: atm program
Counterparty: RBC Capital Markets, LLC, BMO Capital Markets Corp., Citigroup Global Markets Inc., Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC, R. Seelaus & Co., LLC and Wells Fargo Securities, LLC
Value: $250,000,000
Effective: 2026-05-18

Exact text from the filing

On May 18, 2026, Sonida Senior Living, Inc. (the “Company” ) entered into an equity distribution agreement (the “ Distribution Agreement ”)

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SONIDA SENIOR LIVING, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-229178

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