Brief: Sonida Senior Living Announces $47.75 Million Equity Raise

Sonida Senior Living

06/02/2024 14:09

Feb 6 (Reuters) - Sonida Senior Living Inc  SNDA.N :
    * SONIDA SENIOR LIVING INC -
    * SONIDA SENIOR LIVING INC - $25 MILLION OF EQUITY CAPITAL
WILL BE
AVAILABLE FOR POTENTIAL ACQUISITIONS AND WORKING CAPITAL
    * SONIDA SENIOR LIVING INC - PURCHASED $77.4 MILLION OF
MORTGAGE
INDEBTEDNESS ACROSS SEVEN SONIDA COMMUNITIES FOR $40.2 MILLION,
REPRESENTING A 48% DISCOUNT
    * SONIDA SENIOR LIVING ANNOUNCES $47.75 MILLION EQUITY RAISE
TO
FUND DISCOUNTED DEBT PURCHASE, ACCRETIVE CAPITAL INVESTMENTS
WITHIN EXISTING PORTFOLIO AND ACQUISITIONS
    * SONIDA SENIOR LIVING-DEBT PURCHASE FINANCED WITH $24.8
MILLION
OF MORTGAGE DEBT PROVIDED BY ALLY BANK THROUGH EXPANSION OF
EXISTING ALLY BANK TERM LOAN

Source text for Eikon:  ID:nBwBw740a 
Further company coverage:  SNDA.N 

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