Sonida Senior Living Inc. announced that on December 29, 2025, it entered into an amended and restated credit agreement with BMO Bank, N.A. and a group of lenders. This new agreement amends and restates the company’s existing credit agreement from July 24, 2024. The facility, which matures four years from the closing date with an option for a one-year extension, will be used to fund acquisitions, capital expenditures, working capital, and other general business purposes, including the acquisition of CNL Healthcare Properties, Inc. The loan will bear interest at rates tied to the company’s leverage ratio and will be secured by pledges of equity interests in entities that own borrowing base properties. Sonida may prepay the loan at any time without penalty, and the principal is due in full at maturity.

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