Current Report · Items 1.01, 2.03, 9.01 · 8-K
Sonida Senior Living, Inc.
SNDANYSEEQUITYCurrent
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 1.01 Entry into a Material Definitive Agreement. On August 7, 2026, Sonida Senior Living, Inc. (the “Company”) entered into a senior secured term loan of $380.0 million (“2026 Ally Term Loan”) with Ally Bank (“Ally”) with a closing fee of 0.75%, or $2.85 million. The 2026 Ally Term Loan amends and restates the Company’s existing term loan agreement with Ally, dated as of August 7, 2025, as amended and restated.…
Filed Aug 13, 2026Accepted Aug 13, 2026, 8:24 AM EDTCIK 1043000Accession 0001193125-26-347968
Company context
Dallas-based Sonida Senior Living, Inc. is one of the largest, pure-play owner-operators and investors in U.S. senior living communities, with a focus on independent living, assisted living and memory care communities and services for senior adults. The Company provides compassionate, resident-centric services and care as well as engaging programming at the senior housing communities we operate. Sonida manages or is invested in 165 senior housing communities with over 16,400 total units across 35 states, including 153 owned senior housing communities (inclusive of 54 managed by third-party property managers, 15 leased pursuant to triple-net leases, three owned through joint venture investments in consolidated entities and four owned through a joint venture investment in an unconsolidated entity) and 12 communities that the Company manages on behalf of a third-party.
Current securities
Disclosure sections
Items 1.01, 2.03, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On August 7, 2026, Sonida Senior Living, Inc. (the “Company”) entered into a senior secured term loan of $380.0 million (“2026 Ally Term Loan”) with Ally Bank (“Ally”) with a closing fee of 0.75%, or $2.85 million. The 2026 Ally Term Loan amends and restates the Company’s existing term loan agreement with Ally, dated as of August 7, 2025, as amended and restated. The 2026 Ally Term Loan allows for an initial term loan advance on the closing date of $372.5 million on 28 communities, which includes 19 communities under the existing Ally term loan agreement, as well as 9 communities acquired in March 2026 in connection with the Company’s merger with CNL Healthcare Properties, Inc. (“CHP”). One additional draw of $7.5 million will become available subject to achieving certain debt yield and debt service coverage ratio requirements. The 2026 Ally Term Loan has a 5 year maturity date, with two 12-month extension options, and a variable interest rate of one-month SOFR plus a 1.85% margin and is interest only payment for the initial 5 year term. As of August 7, 2026, the Company had $122.0 million outstanding under the existing Ally term loan agreement, which had a maturity date of August 7, 2028.
The foregoing description of the 2026 Ally Term Loan is not complete and is qualified in its entirety by reference to the full text of the 2026 Ally Term Loan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.