SONIDA SENIOR LIVING, INC. — Form 8-K

Sonida Senior Living executed a Second Amended and Restated Term Loan Agreement dated August 7, 2026 with Ally Bank as administrative agent. The agreement consolidates and restates a prior $122M Original Term Loan (outstanding as of restatement date), adds a $250.5M Restatement Date Loan, and includes a $7.5M Delayed Draw Term Loan available after August 7, 2027 (aggregate facility: $380M). Interest accrues at Term SOFR + 1.85% margin with a 1.00% floor. The loan matures August 7, 2031 with two optional 12-month extensions. No amortization during initial interest-only period; amortization begins if extended. Lenders include Ally Bank and other syndicated financial institutions. Collateral includes 28 senior living healthcare facilities and related assets. Mandatory prepayments apply to facility sales (100-105% of allocated amount) and extraordinary receipts. Material covenants include Debt Yield (minimum 12%), Debt Service Coverage Ratio (minimum 1.35x), financial reporting, asset sales restrictions, and healthcare law compliance.