<a href="https://laohu8.com/S/SUI">Sun Communities Inc</a>. Secures New $2 Billion Credit Facility, Replaces Existing $3.05 Billion Agreement
Sun Communities Inc., through its operating arm Sun Communities Operating Limited Partnership (SCOLP), has entered into a new credit agreement as of September 17, 2025. This agreement, established with J.P. Morgan as the Administrative Agent and several major banks including Bank of America, Citibank, and Wells Fargo among others, replaces the existing $3.05 billion credit facility that was set to mature in April 2026. The new agreement secures a revolving loan facility allowing SCOLP to borrow up to $2.0 billion, with the potential for an additional $1.0 billion subject to certain conditions. The maturity date for this new facility is set for January 31, 2030, with options for two six-month extensions. The interest rates cover multiple currencies, including U.S. Dollars, Euros, Canadian Dollars, and Australian Dollars, with margins based on the company's credit ratings. The termination of the prior credit agreement coincided with the new agreement's execution.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sun Communities Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000912593-25-000243), on September 22, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.