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Stock impact report

Sun Communities, Inc. Announces Upsizing and Pricing of Public Offering of Common Stock

Sun Communities, Inc. (SUI) 
Last sun communities, inc. earnings: 4/22 04:19 pm Check Earnings Report
US:NYSE Investor Relations: suncommunities.com/investor-relations
Company Research Source: GlobeNewswire
Southfield, Michigan, April 29, 2020 (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, today announced the pricing of an underwritten public offering of 4,320,000 shares of its common stock. The offering was upsized from 3,600,000 to 4,320,000 shares. As part of the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 648,000 shares of its common stock. The offering is expected to close on Friday, May 1, 2020, subject to customary closing conditions. The Company intends to use the net proceeds of the offering to repay borrowings outstanding under the revolving loan under its senior credit facility, to fund possible future acquisitions of properties and for working capital and general corporate purposes. Citigroup, BofA Securities, BMO Capital Markets and RBC Capital Markets a Show less Read more
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