Sun Communities (SUI) Prices $500M Notes Offering

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Go back to Sun Communities (SUI) Prices $500M Notes Offering

Sun Communities, Inc. Prices $500 Million of Senior Notes

January 4, 2024 5:03 PM EST

Southfield, MI, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the Company), a real estate investment trust (REIT) that owns and operates, or has an interest in, manufactured housing and recreational vehicle communities and marinas, today announced that its operating partnership, Sun Communities Operating Limited Partnership (the "Operating Partnership"), has priced a public offering of $500 million aggregate principal amount of 5.500% senior notes due 2029 (the Notes). The public offering price for the Notes was 99.878% of the principal amount for an effective yield to maturity of 5.528%. The Notes will be senior unsecured obligations of the Operating... More