Sonida Senior Living Amends and Restates Credit Agreement with BMO Bank and Lenders
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Sonida Senior Living Inc. has amended and restated its credit agreement with BMO Bank and other lenders, effective December 29, 2025. The new agreement replaces the previous one from July 24, 2024, and will mature in four years with a possible one-year extension. The funds will be used for acquisitions, capital expenditures, and working capital, including the acquisition of CNL Healthcare Properties, Inc. The loan's interest rates are linked to the company's leverage ratio, and it can be prepaid without penalty.
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