Sonida Senior Living (NYSE: SNDA) has “significant momentum” heading into the remainder of this year with a focus on growth, CEO Brandon Ribar told investors during a first quarter earnings call on Friday. Moving into the second quarter, Ribar said the Dallas, Texas-based owner-operator and investment company is continuing to pursue new growth this year […]
Conversant Capital
This article is available as part of your SHN+ membership With a shifting outlook for the senior housing industry as a whole, the chief executive of Sonida Senior Living (NYSE: SNDA) is feeling good about the remainder of 2024. The Dallas-based company also has undertaken initiatives to address some of the top challenges still facing […]
Sonida Senior Living (NYSE: SNDA) has announced a $47.75 million private equity raise to fund a purchase of debt while fueling capital investment within its existing portfolio. The sum includes investment from its largest shareholder, Conversant Capital. Sonida will use the new capital to complete its balance sheet repositioning while continuing enhancements across its portfolio […]
After raising $154.8 million in transactions with Conversant Capital, one of the few publicly traded U.S. senior living operators is not just starting a new chapter but “a whole new book” — with a new name. Dallas-based Capital Senior Living is rebranding to Sonida Senior Living, the company announced Wednesday. When the name change officially […]
Shareholders of Capital Senior Living (NYSE: CSU) have approved a deal with Conversant Capital, including financing transactions to raise up to $154.8 million, according to preliminary results of a vote held on Friday. “We are very pleased with the outcome of today’s Special Meeting and want to thank our shareholders for their continued support, engagement […]
Another investor in Capital Senior Living (NYSE: CSU) has proposed an alternative to the provider’s plan to raise up to $154.8 million through a transaction with Conversant Capital. Invictus Global Management on Tuesday provided term sheets to Dallas-based Capital Senior Living for a $150 million financing transaction, which it claims is at market value and […]
Ortelius Investors on Monday announced a counteroffer to Capital Senior Living’s (NYSE: CSU) plan to raise up to $153 million through a private placement of convertible stock to affiliates of Conversant Capital. Ortelius, which has threatened to block the recapitalization since it was first announced in late July, also lined up a bridge loan for […]
Capital Senior Living (NYSE: CSU) is moving forward with its plan to raise up to $153 million via a private placement of convertible stock to affiliates of Conversant Capital. The transaction is necessary to meet immediate needs for working capital and secure the future stability of the company, according to documents filed this week. The […]
Ortelius Advisors is moving forward with its plans to block Capital Senior Living’s (NYSE: CSU) private placement agreement with investment firm Conversant Capital. The New York City-based firm on Tuesday filed a proxy with the Securities and Exchange Commission that provides new insight on how the Capital-Conversant agreement came together, as well as its own […]
Capital Senior Living’s (NYSE: CSU) plan to raise up to $152.5 million through a private placement of convertible preferred stock to affiliates of the private investment firm Conversant Capital comes at an inflection point in the company’s existence. The Dallas-based operator acknowledged in its Q1 2021 earnings call in May that its ability to continue […]
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