Sonida Senior Living (SNDA) Announces $47.75M Equity Raise
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Sonida Senior Living Announces $47.75 Million Equity Raise to Fund Discounted Debt Purchase, Accretive Capital Investments within the Existing Portfolio and Acquisitions
February 6, 2024 7:30 AM ESTPurchased $77.4 million of mortgage indebtedness across seven Sonida communities for $40.2 million, representing a 48% discount
Company to invest in high-returning capital projects within the existing portfolio
$25 million of equity capital will be available for potential acquisitions and working capital
DALLAS--(BUSINESS WIRE)-- Sonida Senior Living, Inc. (Sonida or the Company) (NYSE: SNDA), a leading owner-operator of communities and services for seniors, announced the execution of a $47.75 million equity private placement, including an investment from Conversant Capital, the Companys largest shareholder. The Company plans to use this new capital for the... More
