secwatch.observer — SEC 8-K summary
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Issuer:     SUN COMMUNITIES INC (SUI)
CIK:        0000912593
Form:       8-K
Filed at:   2023-01-10T23:59:59+00:00
Accession:  0000912593-23-000012
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sun Communities prices $400M 5.700% senior notes due 2033 at 99.729% of par
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- $400M 5.700% senior notes due 2033 priced at 99.729% (yield 5.736%).
- Proceeds to repay credit facility borrowings, fund acquisitions, and for working capital.
- Closing expected Jan 17, 2023; notes are unsecured senior obligations guaranteed by SUI.
- Issued 31,289 OP units at $142.108/unit for contributed assets, exchangeable into common stock.
- Initial holder agreed to six-month lock-up on shares issuable upon exchange.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912593/000091259323000012/0000912593-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912593/000091259323000012/sui-20230109.htm
  HTML page:      https://secwatch.observer/filing/0000912593-23-000012

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