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Sonida CEO: Debt Restructure Adds Flexibility, Pathway to Further Stabilization

Sonida CEO: Debt Restructure Adds Flexibility, Pathway to Further Stabilization
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Sonida Senior Living Strengthens Financial Position and Enhances Leadership Team to Position Company for Sustainable Growth

Completes initial phase of debt restructuring covering 49 assets financed by Fannie Mae and Ally Bank


Fannie Mae agreement will result in approximately $40 million of additional free cash flow over the next three years


Conversant Capital, Sonida’s largest shareholder, provides $13.5 million equity commitment, available to Sonida at its option over 18 months

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Sonida Senior Living Strengthens Financial Position and Enhances Leadership Team to Position Company for Sustainable Growth

Sonida Senior Living Strengthens Financial Position and Enhances Leadership Team to Position Company for Sustainable Growth
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