SNDA · Sonida Senior Living, Inc. · Debt

On August 7, 2026, Sonida Senior Living, Inc. (the “Company”) entered into a senior secured term loan of $380.0 million (“2026 Ally Term Loan”) with Ally Bank (“Ally”) with a closing fee of 0.75%, or $2.85 million. The 2026 Ally Term Loan amends and restates the Company’s existing term loan agreement with Ally, dated as of August 7, 2025, as amended and restated. The 2026 Ally Term Loan allows for an initial term loan advance on the closing date of $372.5 million on 28 communities, which includes 19 communities under the existing Ally term loan agreement, as well as 9 communities acquired in March 2026 in connection with the Company’s merger with CNL Healthcare Properties, Inc. (“CHP”). One additional draw of $7.5 million will become available subject to achieving certain debt yield and debt service coverage ratio requirements. The 2026 Ally Term Loan has a 5 year maturity date, with two 12-month extension options, and a variable interest rate of one-month SOFR plus a 1.85% margin and is interest only payment for the initial 5 year term. As of August 7, 2026, the Company had $122.0 million outstanding under the existing Ally term loan agreement, which had a maturity date of August 7, 2028.

Issuer evidence: On August 7, 2026, Sonida Senior Living, Inc. (the “Company”) entered into a senior secured term loan of $380.0 million (“2026 Ally Term Loan”) with Ally Bank (“Ally”) with a closing fee of 0.75%, or $2.85 million. The 2026 Ally Term Loan amends and restates the Company’s existing term loan agreement with Ally, dated as of August 7, 2025, as amended and restated. The 2026 Ally Term Loan allows for an initial term loan advance on the closing date of $372.5 million on 28 communities, which includes 19 communities under the existing Ally term loan agreement, as well as 9 communities acquired in March 2026 in connection with the Company’s merger with CNL Healthcare Properties, Inc. (“CHP”). One additional draw of $7.5 million will become available subject to achieving certain debt yield and debt service coverage ratio requirements. The 2026 Ally Term Loan has a 5 year maturity date, with two 12-month extension options, and a variable interest rate of one-month SOFR plus a 1.85% margin and is interest only payment for the initial 5 year term. As of August 7, 2026, the Company had $122.0 million outstanding under the existing Ally term loan agreement, which had a maturity date of August 7, 2028.