---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034095"
form_type: "8-K"
ticker: "SNDA"
cik: "0001043000"
company_name: "SONIDA SENIOR LIVING, INC."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T01:59:43.057441+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sonida completes Fannie Mae loan modifications for 37 communities; Q3 occupancy rises to 86.8%

## Summary
- Loan modifications finalized for all 37 Fannie Mae communities; maturities extended to December 2026 or later.
- Principal payments deferred 3 years or waived, providing $33M cash flow savings through maturity.
- Near-term interest rate reduction on all 37 assets yields $6.1M cash interest savings from June 2023 to May 2024.
- Two $5M principal payments required (June 2023 and June 2024); first funded with $6M drawn from Conversant equity commitment.
- September end occupancy 86.8% for owned communities; Q3 average occupancy up ~100 bps from Q2; average rate up 9.8% YoY.

## SEC filing metadata
- accession: 0001628280-23-034095
- form_type: 8-K
- ticker: SNDA
- cik: 0001043000
- company_name: SONIDA SENIOR LIVING, INC.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043000/000162828023034095/0001628280-23-034095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043000/000162828023034095/snda-20231010.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034095
- JSON: https://secwatch.observer/filing/0001628280-23-034095.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034095.txt

## Key facts
- Earnings Releases
  SONIDA SENIOR LIVING, INC. reported preliminary financial results for September 2023 and Q3 2023.
  - Period: September 2023 and Q3 2023
  - Result: preliminary results
  source text: issued a press release announcing its occupancy for September 2023 and certain other information regarding the quarter ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000162828023034095/0001628280-23-034095-index.htm

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