Sun Communities (SUI) prices $600 million senior note offering.
Sun Communities, Inc. (SUI) announced today that it has priced a two-part offering of senior unsecured notes. The transaction included:
- $450 million 2.300% senior unsecured notes due 2028. The notes were priced at a discount to yield 2.326% or +100 basis points to the treasury curve.
- $150 million 2.700% senior unsecured notes due 2031. The notes were priced at a premium to yield 2.659% or +113 basis points to the treasury curve. The current offering represents a reopening of a prior issue, bringing the total deal size to $750 million.