Sonida Completes $80M Refinancing, Pushing Debt Maturities to 2024 and Positioning Company for Growth

Sonida Senior Living (NYSE: SNDA) has entered into a loan agreement to refinance existing mortgage debt, addressing all of the company’s debt maturities through 2024 and positioning it to grow.

The transaction consists of an $80 million initial term loan and up to $50 million of additional capital, with an uncommitted $40 million accordion provision meant to fund the Dallas-based company’s growth in the future, according to a press release. Read full story