Sonida Senior Living enters USD 380 million senior secured term loan with Ally Bank

Sonida Senior Living entered a $380 million senior secured term loan with Ally Bank on Aug. 7, 2026, amending and restating its existing Ally facility.

• Initial advance totals $372.5 million, secured by 28 communities, including assets added in the March 2026 CHP merger.
• An additional $7.5 million draw is available, subject to debt-yield and debt-service coverage ratio requirements.
• The facility carries a 5-year maturity with two 12-month extension options, interest-only payments, and pricing at 1-month SOFR + 1.85%.
• The closing fee is 0.75%, or $2.85 million.
• $122 million was outstanding under the prior Ally term loan at closing.