(Source: Sun Communities Inc) FOR FURTHER INFORMATION AT THE COMPANY: Karen J. Dearing Chief Financial Officer (248) 208-2500 Southfield, MI, November 2, 2015 - Sun Communities, Inc. (NYSE: SUI) (the 'Company') today announced that it has priced an underwritten registered public offering of 3,250,000 shares of its common stock at a price of $65.00 per share. As part of the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 487,500 shares of its common stock. The offering is expected to close on Friday, November 6, 2015, subject to customary closing conditions. The Company intends to use the net proceeds of the offering to repay borrowings...
↧