Sonida refinances and expands Ally term loan to $380M, adds 9 acquired communities

Filed August 13, 2026 · Period ending August 7, 2026 · ~1 min read

Key Changes

• high

  Entered $380M term loan with Ally Bank, replacing $122M existing facility; initial $372.5M advance on 28 communities (19 existing plus 9 from March 2026 CHP merger), with $7.5M additional draw available upon meeting debt yield and coverage ratios.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Loan priced at one-month SOFR plus 1.85%, interest-only for 5 years, with two optional 12-month extensions; 0.75% closing fee ($2.85M).

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Refinancing extends maturity from August 2028 to August 2031 (with extension options to 2033) and adds recently acquired communities to collateral pool.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →