secwatch.observer — SEC 8-K summary
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Issuer:     SONIDA SENIOR LIVING, INC. (SNDA)
CIK:        0001043000
Form:       8-K
Filed at:   2026-08-13T12:24:23+00:00
Accession:  0001193125-26-347968
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonida enters $380M senior secured term loan with Ally; $372.5M initial advance
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- New $380M term loan with Ally Bank; closing fee 0.75% ($2.85M); initial advance $372.5M on 28 communities.
- Includes 19 existing communities plus 9 acquired in March 2026 CHP merger; $7.5M delayed draw subject to debt yield/DSCR tests.
- Interest at 1-month SOFR + 1.85% margin; interest-only for 5-year term with two 12-month extension options.
- Refinances $122M outstanding under prior Ally loan (maturity Aug 7, 2028); new loan matures Aug 7, 2031.
- Proceeds support liquidity and portfolio expansion; no guidance change disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043000/000119312526347968/0001193125-26-347968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043000/000119312526347968/d104963d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-347968

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