Welcome to our dedicated page for Sonida Senior Living SEC filings (Ticker: SNDA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sonida Senior Living, Inc. filings document a Delaware senior living company with common stock listed on the NYSE under SNDA. The record includes Form 8-K reports for operating results, investor presentations, material agreements, capital-structure changes, and the completed CNL Healthcare Properties merger.
Proxy and governance filings describe annual meeting matters, director elections, auditor ratification, advisory executive compensation votes, equity incentive plan amendments, board composition and committee appointments. Capital disclosures include preferred stock conversion, warrant amendments and financing arrangements tied to the company’s senior housing portfolio.
SONIDA SENIOR LIVING, INC. director Martin J. Chandler filed an initial Form 3, which is a required statement of beneficial ownership for company insiders. The filing lists him as a director but does not report any insider transactions, serving mainly as a baseline disclosure of his reporting status.
SONIDA SENIOR LIVING, INC. director Martin J. Chandler filed an initial Form 3, which is a required statement of beneficial ownership for company insiders. The filing lists him as a director but does not report any insider transactions, serving mainly as a baseline disclosure of his reporting status.
Sonida Senior Living, Inc. converted all of its Series A Convertible Preferred Stock into 1,601,505 shares of common stock after reducing the conversion price from $40.00 to $32.00 per share. The company also extended 1,031,250 outstanding warrants at $40.00 per share by one year to November 3, 2027.
Sonida made a one-time aggregate payment of about $5.8 million to the preferred investors, including roughly $1.1 million of accrued dividends from January 1, 2026 through March 11, 2026. An independent special committee of the board approved the transaction as advisable and no less favorable than terms available from third parties. Following the conversion, the company eliminated its preferred stock series and filed a second restated certificate of incorporation to consolidate prior charter amendments.
Sonida Senior Living, Inc. converted all of its Series A Convertible Preferred Stock into 1,601,505 shares of common stock after reducing the conversion price from $40.00 to $32.00 per share. The company also extended 1,031,250 outstanding warrants at $40.00 per share by one year to November 3, 2027.
Sonida made a one-time aggregate payment of about $5.8 million to the preferred investors, including roughly $1.1 million of accrued dividends from January 1, 2026 through March 11, 2026. An independent special committee of the board approved the transaction as advisable and no less favorable than terms available from third parties. Following the conversion, the company eliminated its preferred stock series and filed a second restated certificate of incorporation to consolidate prior charter amendments.
Sonida Senior Living's major investors updated their ownership and rights following a large merger and equity financing. Silk Partners funded $10,000,011.28 on March 11, 2026, receiving 373,972 common shares at $26.74 per share in a private placement tied to the CHP Merger.
Following these transactions and share issuances under the merger, Messrs. Levinson and Glick, Silk, Siget, Siget NY and 1271 Associates together report beneficial ownership of 2,830,813 shares, or about 6.2% of Sonida’s common stock. Seymour Pluchenik reports 3,073,565 shares, or about 6.7%, while PF Investors holds 242,752 shares, or about 0.5%.
The filing also reflects an Amended and Restated Investor Rights Agreement effective March 11, 2026. In connection with this, director Noah Beren resigned, and Silk expects to designate Sam Levinson to join the board effective May 1, 2026, replacing Shmuel S.Z. Lieberman at that time.
Sonida Senior Living's major investors updated their ownership and rights following a large merger and equity financing. Silk Partners funded $10,000,011.28 on March 11, 2026, receiving 373,972 common shares at $26.74 per share in a private placement tied to the CHP Merger.
Following these transactions and share issuances under the merger, Messrs. Levinson and Glick, Silk, Siget, Siget NY and 1271 Associates together report beneficial ownership of 2,830,813 shares, or about 6.2% of Sonida’s common stock. Seymour Pluchenik reports 3,073,565 shares, or about 6.7%, while PF Investors holds 242,752 shares, or about 0.5%.
The filing also reflects an Amended and Restated Investor Rights Agreement effective March 11, 2026. In connection with this, director Noah Beren resigned, and Silk expects to designate Sam Levinson to join the board effective May 1, 2026, replacing Shmuel S.Z. Lieberman at that time.
Sonida Senior Living reported strong 2025 top-line growth but wider losses as it executed a transformative acquisition and major refinancing. Resident revenue rose to $332.0 million, up 24.0% from 2024, and 2025 Adjusted EBITDA increased to $53.8 million from $43.2 million. Same-store occupancy reached 87.9% in Q4 2025 and same-store Community Net Operating Income grew 8.0% for the year, with margins improving to 27.9%. Despite this, net loss attributable to common stockholders deepened to $76.4 million in 2025 from $7.6 million in 2024, driven by higher labor and operating costs, $16.2 million of transaction and restructuring charges, and $12.5 million of impairment, compared with large 2024 debt extinguishment gains that did not repeat.
On March 11, 2026 Sonida closed the approximately $1.8 billion acquisition of CNL Healthcare Properties, adding 69 senior housing communities and creating a combined portfolio of 153 owned properties. About 68% of the merger consideration was paid in newly issued Sonida common stock and 32% in cash. To fund the deal and refinance debt, the company put in place an amended and restated credit agreement with a $405 million revolving facility, $525 million of new term loans, and a $270 million bridge loan, all with SOFR-based, leverage-linked pricing, plus interest rate caps. It also raised $110 million of equity in a private placement at $26.74 per share. Management says the CHP merger is expected to be accretive to normalized FFO per share and to materially impact 2026 results as the 69 acquired communities are integrated.
Sonida Senior Living reported strong 2025 top-line growth but wider losses as it executed a transformative acquisition and major refinancing. Resident revenue rose to $332.0 million, up 24.0% from 2024, and 2025 Adjusted EBITDA increased to $53.8 million from $43.2 million. Same-store occupancy reached 87.9% in Q4 2025 and same-store Community Net Operating Income grew 8.0% for the year, with margins improving to 27.9%. Despite this, net loss attributable to common stockholders deepened to $76.4 million in 2025 from $7.6 million in 2024, driven by higher labor and operating costs, $16.2 million of transaction and restructuring charges, and $12.5 million of impairment, compared with large 2024 debt extinguishment gains that did not repeat.
On March 11, 2026 Sonida closed the approximately $1.8 billion acquisition of CNL Healthcare Properties, adding 69 senior housing communities and creating a combined portfolio of 153 owned properties. About 68% of the merger consideration was paid in newly issued Sonida common stock and 32% in cash. To fund the deal and refinance debt, the company put in place an amended and restated credit agreement with a $405 million revolving facility, $525 million of new term loans, and a $270 million bridge loan, all with SOFR-based, leverage-linked pricing, plus interest rate caps. It also raised $110 million of equity in a private placement at $26.74 per share. Management says the CHP merger is expected to be accretive to normalized FFO per share and to materially impact 2026 results as the 69 acquired communities are integrated.
Sonida Senior Living has completed its previously announced merger with CNL Healthcare Properties in a cash-and-stock deal valued at approximately $1.8 billion, creating a combined senior housing owner-operator valued around $3.3 billion.
The merger gives Sonida ownership of 153 senior housing communities with about 14,700 owned units and is expected to deliver an estimated 62% accretion in Normalized FFO per share on a run‑rate basis. Sonida also closed a $110,000,017.12 equity financing for 4,113,688 shares and arranged $930 million in permanent credit facilities plus a $270 million bridge loan to fund cash consideration, refinance CHP debt, and support growth. Board composition was realigned, with Conversant and Silk gaining designated seats.
Sonida Senior Living has completed its previously announced merger with CNL Healthcare Properties in a cash-and-stock deal valued at approximately $1.8 billion, creating a combined senior housing owner-operator valued around $3.3 billion.
The merger gives Sonida ownership of 153 senior housing communities with about 14,700 owned units and is expected to deliver an estimated 62% accretion in Normalized FFO per share on a run‑rate basis. Sonida also closed a $110,000,017.12 equity financing for 4,113,688 shares and arranged $930 million in permanent credit facilities plus a $270 million bridge loan to fund cash consideration, refinance CHP debt, and support growth. Board composition was realigned, with Conversant and Silk gaining designated seats.
Sonida Senior Living reported that stockholders approved key proposals supporting its planned multi-step merger with CNL Healthcare Properties (CHP) and related financing transactions.
Investors voted to increase authorized common shares from 30,000,000 to 100,000,000, approve issuing new common stock to CHP stockholders and to affiliates of Conversant Capital and Silk Partners in a private placement, and adopt charter changes on advance notice for director nominations and customary indemnification limits. Turnout was high, with about 91% of eligible votes represented, and all four proposals received strong support, clearing major corporate and governance hurdles needed to move the CHP combination and equity financing structure forward.
Sonida Senior Living, Inc. approved new performance stock unit (PSU) awards for key employees, including the CEO and CFO, under its 2019 Omnibus Stock and Incentive Plan. The awards are conditioned on both stockholder approval of an increase to the plan’s share reserve and completion of the planned business combination with CNL Healthcare Properties, Inc.
The PSUs have a performance period from the first to the fourth anniversary of the February 23, 2026 grant date and vest based on sustained stock price hurdles. Tranches can be earned if the 30‑day volume‑weighted average stock price reaches $40.11, $53.48, and $66.85, which are approximately 150%, 200% and 250% of the merger reference price of $26.74. The CEO received PSUs tied to a maximum of 275,000 shares and the CFO to 185,000 shares, with special vesting rules for change in control, qualifying terminations, death, or disability, and forfeiture of any unearned units at the end of the performance period.
Sonida Senior Living filed an 8-K to add disclosures to its joint proxy statement for the proposed merger with CNL Healthcare Properties after two stockholder lawsuits and additional demand letters challenged the adequacy of prior disclosures. The company and CHP deny any wrongdoing but are supplementing the proxy to reduce litigation risk and potential delay to the deal.
The filing adds detail on 2025–2030 standalone projections for SNDA, including projected revenue rising from $334.6 million in 2025 to $454.2 million in 2030 and adjusted EBITDA growing from $53.3 million to $114.3 million. It also discloses a 10-year schedule of expected net operating loss utilization and clarifies key assumptions and valuation multiples used by RBC Capital Markets in its fairness analyses, including selected 2026 FFO, AFFO and EBITDA multiples and discount rate and perpetuity growth rate ranges. The board continues to recommend voting FOR the merger proposals at the February 26, 2026 special meeting.
Sonida Senior Living issued supplemental disclosures to its joint proxy statement for the proposed merger with CNL Healthcare Properties. The update follows stockholder lawsuits and demand letters claiming missing information, and is intended to reduce litigation risk without changing merger consideration or the special meeting date.
The filing adds detail on confidentiality agreements with 12‑month standstill and “don’t ask, don’t waive” provisions, and expands RBC Capital Markets’ valuation work, including 2026 FFO, AFFO and EBITDA multiples and discounted cash flow assumptions using terminal growth ranges of 3.0%–4.5% and discount rates of 8.5%–10.0%.
Sonida also provides standalone projections for 2025–2030 showing revenue rising from $334.6 million to $454.2 million, EBITDA increasing from $44.4 million to $104.9 million, adjusted EBITDA from $53.3 million to $114.3 million, and unlevered free cash flow reaching $75 million by 2030, plus a 10‑year schedule of projected net operating loss utilization.