Sun Communities to Redeem $900 Million of Debt

MT Newswires Live

05/01

Sun Communities (SUI) said late Wednesday its Sun Communities operating partnership will redeem all $500 million of its outstanding 5.500% senior notes due 2029 and all $400 million of its outstanding 5.700% senior notes due 2033 on May 10.

The company said it intends to fund the redemption using a portion of the proceeds from its sale of Safe Harbor Marinas.

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