Brief: Sonida Senior Living Completes Initial Phase Of Debt Restructuring Covering 49 Assets Financed By Fannie Mae And Ally Bank

Sonida Senior Living

05/07/2023 13:16

July 5 (Reuters) - Sonida Senior Living Inc  SNDA.N :
    * SONIDA SENIOR LIVING - COMPLETES INITIAL PHASE OF DEBT
RESTRUCTURING COVERING 49 ASSETS FINANCED BY FANNIE MAE AND ALLY
BANK
    * SONIDA SENIOR LIVING - FANNIE MAE AGREEMENT WILL RESULT IN
ABOUT
$40 MILLION OF ADDITIONAL FREE CASH FLOW OVER NEXT 3 YRS
    * SONIDA SENIOR LIVING - CONVERSANT CAPITAL, CO'S LARGEST
SHAREHOLDER, PROVIDES $13.5 MILLION EQUITY COMMITMENT, AVAILABLE
TO CO AT OPTION OVER 18 MONTHS

Source text for Eikon:  ID:nBw81TyyBa 
Further company coverage:  SNDA.N 

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