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Sun Communities taps equity market to raise capital

Apr. 28, 2020 4:21 PM ETSun Communities, Inc. (SUI) StockSUIBy: Liz Kiesche, SA News Editor
  • Sun Communities (NYSE:SUI) starts a public offering of 3.6M shares of common stock.
  • Expects to grant greenshoe option for up to an additional 540K shares.
  • Intends to use net proceeds 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. 

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