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Sonida Senior Living Announces $47.75M Equity Raise To Fund Discounted Debt Purchase, Capital Investments within the Existing Portfolio and Acquisitions

Author: Benzinga Newsdesk | February 06, 2024 08:34am

Purchased $77.4 million of mortgage indebtedness across seven Sonida communities for $40.2 million, representing a 48% discount
Company to invest in high-returning capital projects within the existing portfolio
$25 million of equity capital will be available for potential acquisitions and working capital

Posted In: SNDA