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
Source: marketscreener.com
