Sonida Continues To Execute On Its Accretive Growth Plan And Upsizes Its Revolver; Enters Into Agreement To Acquire Two New Communities In Atlanta, GA For $29M
Portfolio Pulse from Benzinga Newsdesk
Sonida Senior Living, Inc. (NYSE:SNDA) has announced the acquisition of two new senior living communities in Atlanta, GA for $29 million, and completed the acquisition of eight communities in the Southeast for $103 million. The company has also increased its senior secured revolving credit facility by $75 million, bringing the total capacity to $150 million.
October 03, 2024 | 8:16 pm
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Sonida Senior Living has acquired two new communities in Atlanta for $29M and completed the acquisition of eight communities in the Southeast for $103M. The company also increased its credit facility by $75M, enhancing its financial flexibility.
The acquisition of new communities and the increase in the credit facility are positive indicators of Sonida's growth strategy and financial health. These moves are likely to enhance the company's operational capacity and market position, potentially leading to a positive impact on its stock price.
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