Capital Senior Living

Capital Senior Living Changes Name to Sonida Senior Living

Retrieved on: 
Monday, November 15, 2021
General Health, Hospitals, Health, Nursing, Managed Care, Family, Music, Caregiver, Friends, CEO, Capital, New, Exercise, Social media, Capital Senior Living, Company, Conversational Capital, Life, Security (finance), Management

Capital Senior Living Corporation, a leading owner-operator of senior living communities and services, announced today that it has officially changed its name to, Sonida Senior Living.

Key Points: 
  • Capital Senior Living Corporation, a leading owner-operator of senior living communities and services, announced today that it has officially changed its name to, Sonida Senior Living.
  • The new tagline is Find your joy here, which expresses the important role the Companys 75 senior living communities play in the lives of residents.
  • The Companys website is now at sonidaseniorliving.com and its social media profiles have the name Sonida Senior Living.
  • Dallas-based Sonida Senior Living is one of the nations leading operators of independent living, assisted living and memory care communities for senior adults.

Capital Senior Living Announces Closing of Financing Transaction with Conversant Capital

Retrieved on: 
Wednesday, November 3, 2021
Construction & Property, Residential Building & Real Estate, Capital Senior Living, Conversant, CAPITAL SENIOR LIVING, CONVERSANT

Capital Senior Living Corporation (Capital Senior Living or the Company) (NYSE: CSU), a leading owner-operator of senior living communities across the United States, today announced that it has closed the previously announced financing transactions with Conversant Capital (Conversant) and has raised a total of $154.8 million, including aggregate gross proceeds of approximately $34 million from the common stock rights offering.

Key Points: 
  • Capital Senior Living Corporation (Capital Senior Living or the Company) (NYSE: CSU), a leading owner-operator of senior living communities across the United States, today announced that it has closed the previously announced financing transactions with Conversant Capital (Conversant) and has raised a total of $154.8 million, including aggregate gross proceeds of approximately $34 million from the common stock rights offering.
  • In recognition of the Companys evolution and exciting future, it is rebranding as Sonida Senior Living.
  • Kimberly Lody has been Chief Executive Officer and President of Capital Senior Living since January 2019.
  • Dallas-based Capital Senior Living Corporation is one of the nations leading operators of independent living, assisted living and memory care communities for senior adults.

Capital Senior Living Corporation Announces Third Quarter 2021 Earnings Release Date and Conference Call

Retrieved on: 
Thursday, October 28, 2021
Nursing, Health, Consumer, Residential Building & Real Estate, Seniors, Managed Care, Construction & Property, Twitter, Freedom, New, Capital Senior Living, Capital, CSU, Company, RealPlayer, NYSE, Facebook, Investor relations

Capital Senior Living Corporation (NYSE: CSU) will issue its third quarter 2021 earnings release before the market opens for trading on the New York Stock Exchange on Thursday, November 11, 2021.

Key Points: 
  • Capital Senior Living Corporation (NYSE: CSU) will issue its third quarter 2021 earnings release before the market opens for trading on the New York Stock Exchange on Thursday, November 11, 2021.
  • A conference call to discuss those earnings will be held on Thursday, November 11, 2021, at 2:30 p.m. Eastern Time.
  • The conference call will be recorded and available for replay starting November 12, 2021, through November 25, 2021.
  • Dallas-based Capital Senior Living Corporation is one of the nations leading operators of independent living, assisted living and memory care communities for senior adults.

Capital Senior Living Affirms Special Meeting Vote Results Approving Conversant Capital Investment and Expiration of Rights Offering

Retrieved on: 
Thursday, October 28, 2021
Banking, Professional Services, Finance, Compliance, Capital, Election, Twitter, Capital Senior Living, Security (finance), U.S. Securities and Exchange Commission, View, Expiration, NYSE, Risk, Dynamic currency conversion, Freedom, CSU, Company, Investment, Pressure, Rights, Facebook, Expiration date, Special, Conversational Capital, Sale, Bank, Capital Senior Living, Conversant, CAPITAL SENIOR LIVING, CONVERSANT

Additionally, the Company announced the results of its common stock rights offering (the Rights Offering) that expired at 5:00 p.m., New York City time, on October 27, 2021 (the Expiration Date).

Key Points: 
  • Additionally, the Company announced the results of its common stock rights offering (the Rights Offering) that expired at 5:00 p.m., New York City time, on October 27, 2021 (the Expiration Date).
  • Capital Senior Living will receive aggregate gross proceeds of approximately $34 million from the Rights Offering and will use the proceeds to address upcoming debt maturities and immediate working capital needs.
  • Conversant and Arbiter Partners will backstop the rights offering through additional purchases of common stock at the subscription price.
  • Dallas-based Capital Senior Living Corporation is one of the nations leading operators of independent living, assisted living and memory care communities for senior adults.

Capital Senior Living Shareholders Approve Amended Investment Agreement with Conversant Capital

Retrieved on: 
Friday, October 22, 2021
Professional Services, Consumer, Residential Building & Real Estate, Seniors, Finance, Construction & Property, Compliance, Capital, Concern, Twitter, Lung compliance, Capital Senior Living, Security (finance), U.S. Securities and Exchange Commission, View, NYSE, SEC, Risk, Freedom, CSU, Company, Investment, Pressure, Facebook, Growth, Letter, Prospectus, Special, Form S-3, Conversational Capital, Sale, Shareholder, Form, Capital Senior Living, Conversant, CAPITAL SENIOR LIVING, CONVERSANT

We are very pleased with the outcome of todays Special Meeting and want to thank our shareholders for their continued support, engagement and feedback throughout this process, said Capital Senior Living Chief Executive Officer and Director Kimberly S. Lody.

Key Points: 
  • We are very pleased with the outcome of todays Special Meeting and want to thank our shareholders for their continued support, engagement and feedback throughout this process, said Capital Senior Living Chief Executive Officer and Director Kimberly S. Lody.
  • We look forward to continued engagement with all of our shareholders and to working towards long-term financial success and delivering enhanced value.
  • Dallas-based Capital Senior Living Corporation is one of the nations leading operators of independent living, assisted living and memory care communities for senior adults.
  • Conversant Capital LLC is a private investment adviser founded in 2020.

Capital Senior Living Issues Letter to Shareholders Urging Them to Vote on the White Card and Support a Sustainable Future for the Company

Retrieved on: 
Tuesday, October 19, 2021
Seniors, Nursing, Managed Care, Finance, General Health, Health, Professional Services, Consumer, Invictus, CSU, AND, Institutional Shareholder Services, THE, Public expenditure, Risk, Investment, AS, Form, Twitter, Abraham Ortelius, Capital Senior Living, U.S. Securities and Exchange Commission, NYSE, Communication, Security (finance), WHEN, Annual report, Sale, Board, Special, ISS, Conversational Capital, Facebook, Dynamic currency conversion, Form S-3, Capital, ANY, Survival, Board of directors, Compliance, Pressure, SEC, Freedom, Prospectus, Company, Letter, Management, Cryptocurrency, Bank, Financial adviser, Capital Senior Living, Conversant, CAPITAL SENIOR LIVING, CONVERSANT

You, our shareholders, will have the option to vote FOR a sustainable future for the Company.

Key Points: 
  • You, our shareholders, will have the option to vote FOR a sustainable future for the Company.
  • Ortelius has publicly issued more than a dozen communications urging you to vote against the original and Amended Transactions.
  • Vote FOR the Amended Transactions and a sustainable future for Capital Senior Living at the upcoming Special Meeting.
  • Dallas-based Capital Senior Living Corporation is one of the nations leading operators of independent living, assisted living and memory care communities for senior adults.

Ortelius Urges Capital Senior Living’s Stockholders to Give the Company’s Board an Opportunity to Pursue Superior Financing by Voting AGAINST the Conversant Deal at Upcoming Special Meeting

Retrieved on: 
Tuesday, October 19, 2021
Professional Services, Finance, CSU, Abraham Ortelius, Capital Senior Living, NYSE, Stock dilution, Board, Special, Conversational Capital, Time, Energy Conversion Devices, Capital, Transaction, Board of directors, Company, Security (finance)

Please note that voting down the Transactions will enable Capital Senior Livings Board of Directors (the "Board") to finally pursue readily-available and far better financing alternatives being championed by sizable stockholders, such as Ortelius and Invictus Global Management LLC (together with its affiliates, Invictus").

Key Points: 
  • Please note that voting down the Transactions will enable Capital Senior Livings Board of Directors (the "Board") to finally pursue readily-available and far better financing alternatives being championed by sizable stockholders, such as Ortelius and Invictus Global Management LLC (together with its affiliates, Invictus").
  • Please visit www.SaveCSU.com for all documents and presentations pertaining to Ortelius advocacy on behalf of fellow stockholders.
  • Ortelius firmly believes in Capital Senior Livings long-term prospects and wants to be one of the Companys largest stockholders for years to come.
  • This is why we have invested a significant amount of time, energy, resources and capital in a constructive campaign to block Capital Senior Livings costly, dilutive and poorly-structured deal with Conversant.

Ortelius Announces Glass Lewis Recommends Capital Senior Living’s Stockholders Vote AGAINST the Costly, Dilutive and Poorly-Structured Conversant Capital Deal

Retrieved on: 
Thursday, October 14, 2021
Professional Services, Finance, Glass Lewis, Conversational Capital, CSU, Â, Board of directors, Capital Senior Living, Stock dilution, NYSE, Capital, Company, Dynamic currency conversion, Language, Review, Glass, Abraham Ortelius, Security (finance), Risk management

Please visit www.SaveCSU.com for all documents and presentations pertaining to Ortelius advocacy on behalf of fellow stockholders.

Key Points: 
  • Please visit www.SaveCSU.com for all documents and presentations pertaining to Ortelius advocacy on behalf of fellow stockholders.
  • We are very pleased Glass Lewis is recommending that Capital Senior Livings stockholders vote against the costly, dilutive and poorly-structured Amended Transactions, which would unnecessarily seize significant value from the vast majority of existing stockholders and hand de facto control of the Company to Conversant and Silk Partners following a privately-negotiated agreement.
  • Lastly, we hope the stockholders we are advocating for take note of the fact that Glass Lewis recognizes alternative capital is available from other sources right now on better terms.
  • As a reminder, Ortelius and other stockholders, such as Invictus, have made public commitments to promptly provide affordable, contingency-free and potentially non-dilutive capital to address the Companys liquidity needs.

Capital Senior Living Announces September 2021 Occupancy

Retrieved on: 
Thursday, October 14, 2021
Health, Consumer, Residential Building & Real Estate, Seniors, Managed Care, Construction & Property, NYSE, CSU, Multimedia, Growth, Capital, Acceleration, Capital Senior Living, Freedom, Senior, Company, Tourism, Health insurance

Capital Senior Living Corporation (the Company or Capital Senior Living) (NYSE: CSU), a leading owner-operator of senior living communities and services announced its September 2021 occupancy.

Key Points: 
  • Capital Senior Living Corporation (the Company or Capital Senior Living) (NYSE: CSU), a leading owner-operator of senior living communities and services announced its September 2021 occupancy.
  • View the full release here: https://www.businesswire.com/news/home/20211014005333/en/
    Capital Senior Living September 2021 Occupancy Chart (Graphic: Business Wire)
    September average occupancy was 81.4%, an increase of 20 basis points from August and 610 basis points from the pandemic low average monthly occupancy of 75.3% in February 2021.
  • While September marks the seventh consecutive month of occupancy improvement for the Company, the growth has slowed compared to prior months.
  • Dallas-based Capital Senior Living Corporation is one of the nations leading operators of independent living, assisted living and memory care communities for senior adults.

Capital Senior Living Announces Move to Virtual Special Meeting of Stockholders

Retrieved on: 
Wednesday, October 13, 2021
Commercial Building & Real Estate, Construction & Property, Seniors, Finance, REIT, Professional Services, General Health, Consumer, Health, Residential Building & Real Estate, View, Facebook, Conversational Capital, Capital Senior Living, Freedom, ANY, Risk, CSU, Security (finance), Compliance, SEC, AND, NYSE, Form, THE, Investment, U.S. Securities and Exchange Commission, Form S-3, Dynamic currency conversion, Company, Annual report, Capital, Prospectus, Special, Central Time, WHEN, Sale, Twitter, Internet, AS, Communication, Pressure, Cryptocurrency, Holding company, Capital Senior Living, Conversant, CAPITAL SENIOR LIVING, CONVERSANT

Capital Senior Living Corporation (Capital Senior Living or the Company) (NYSE: CSU), a leading owner-operator of senior living communities across the United States, today announced that, due to the continued impact of COVID-19 and to protect the wellbeing of its employees, shareholders and community, the Special Meeting of Stockholders (the Special Meeting) scheduled for October 22, 2021 at 10:00 a.m. Central Time will be held solely in a virtual meeting format.

Key Points: 
  • Capital Senior Living Corporation (Capital Senior Living or the Company) (NYSE: CSU), a leading owner-operator of senior living communities across the United States, today announced that, due to the continued impact of COVID-19 and to protect the wellbeing of its employees, shareholders and community, the Special Meeting of Stockholders (the Special Meeting) scheduled for October 22, 2021 at 10:00 a.m. Central Time will be held solely in a virtual meeting format.
  • The Companys Board of Directors strongly recommends that all stockholders vote FOR each of the proposals at the Special Meeting.
  • Capital Senior Living stockholders who require assistance with voting their shares or have questions may contact Georgeson LLC at (866) 431-2108.
  • Dallas-based Capital Senior Living Corporation is one of the nations leading operators of independent living, assisted living and memory care communities for senior adults.