Sonida Senior Living Announces Strategic Merger with CNL Healthcare Properties, Inc. in a Stock and Cash Transaction Valued at Approximately $1.8 Billion, Creating $3 Billion Pure-Play Senior Ho

Reuters11-20

Nov 5 (Reuters) - Sonida Senior Living Inc ::
*SONIDA SENIOR LIVING ANNOUNCES STRATEGIC MERGER WITH CNL HEALTHCARE PROPERTIES, INC. IN A STOCK AND CASH TRANSACTION VALUED AT APPROXIMATELY $1.8 BILLION, CREATING $3 BILLION PURE-PLAY SENIOR HOUSING OWNER-OPERATOR
*SONIDA SENIOR LIVING INC: PROPOSED DEAL EQUATES TO $6.90 PER SHARE OF CHP
*SONIDA SENIOR LIVING INC - CEO BRANDON RIBAR TO LEAD COMBINED COMPANY
*SONIDA SENIOR LIVING- DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO NORMALIZED FFO WITH ESTIMATED ANNUAL COST SYNERGIES OF ABOUT $16 - 20 MILLION
*SONIDA SENIOR LIVING INC - DEAL FUNDED WITH 66% STOCK AND 34% CASH
*SONIDA SENIOR LIVING: CONVERSANT & SILK PARTNERS TO ACQUIRE NEWLY ISSUED SHARES OF SONIDA COMMON EQUITY TOTALING $110 MILLION AT REFERENCE PRICE
*SONIDA SENIOR LIVING: CO OBTAINED COMMITTED, UPSIZED REVOLVING CREDIT FACILITY OF $300 MILLION, WHICH WILL REPLACE ITS EXISTING REVOLVER UPON CLOSING

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 05-NOV-202512:30:00.52 GMT

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