--- title: "Sonida Senior Living Launches $250 Million At-The-Market Equity Program With Major Banks" type: "News" locale: "en" url: "https://longbridge.com/en/news/286822284.md" description: "Sonida Senior Living has launched a $250 million at-the-market equity program, allowing share sales on the NYSE through major banks. Commissions are capped at 2.0%. Proceeds will fund acquisitions, capital improvements, working capital, and potential debt repayment. The company has also executed forward sale master confirmations to enhance flexibility in equity issuance." datetime: "2026-05-18T21:33:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286822284.md) - [en](https://longbridge.com/en/news/286822284.md) - [zh-HK](https://longbridge.com/zh-HK/news/286822284.md) --- # Sonida Senior Living Launches $250 Million At-The-Market Equity Program With Major Banks Sonida Senior Living established an at-the-market (ATM) equity offering program of up to $250 million, enabling share sales on the NYSE and other venues through a syndicate of leading banks. Commissions for sales agents and forward sellers are capped at 2.0%. The company also executed master confirmations with forward purchasers to facilitate forward sales, providing added flexibility in timing and settlement. Proceeds are expected to fund acquisitions, capital improvements across communities, working capital and other general corporate needs, including potential debt repayment. **Agreement 1: Sonida Senior Living Launches $250 Million At-The-Market Equity Program With Major Banks** - **Agreement type**: At-the-market equity distribution program - **Counterparty**: Multiple banks including RBC Capital Markets, BMO Capital Markets, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley and Wells Fargo - **Signed / Effective**: May 18 2026 / same - **Duration / Termination**: At will - **Reason**: Fund acquisitions, capex, working capital and potential debt repayment **Agreement 2: Sonida Senior Living Executes Forward Sale Master Confirmations to Support ATM Flexibility** - **Agreement type**: Forward sale master confirmations - **Counterparty**: Royal Bank of Canada, Bank of Montreal, Citibank, Citizens JMP Securities, Goldman Sachs, JPMorgan Chase Bank, KeyBanc Capital Markets, Morgan Stanley and Wells Fargo Bank - **Signed / Effective**: May 18 2026 / same - **Duration / Termination**: At will - **Reason**: Enhance flexibility and optimize timing of equity issuance Original SEC Filing: SONIDA SENIOR LIVING, INC. \[ SNDA \] - 8-K - May. 18, 2026 **Disclaimer** This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. 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