Form 8-K · Current Report · Filed 2025-09-22
Sun Communities, Inc. enters new credit agreement and terminates prior one
Sun Communities, Inc. entered into a new $2.0 billion credit agreement with J.P.Morgan and other lenders, replacing its existing $3.05 billion credit facility which was scheduled to mature on April 7, 2026. The new credit facility, effective September 17, 2025, will mature on January 31, 2030, with an option to extend for two additional six-month periods. The new agreement also allows for additional borrowings up to $1.0 billion subject to certain conditions. The prior credit agreement was terminated in connection with the execution of the new agreement.
- Filer
- Sun Communities Inc. SUI · NYSE
- Filed
- Accession
- 0000912593-25-000243
- CIK
- 0000912593
- Signal
- Medium impactReal Estate
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Termination of a Material Definitive Agreement
Creation of a Direct Financial Obligation
Market reaction
Close before filing
$128.11
Next session
+0.7%
Since filing
-4.5%
Latest close
$122.29
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from SUI reporting the same item, with the next session's move:
About Sun Communities Inc.
Sun Communities Inc. is a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home and recreational vehicle (RV) communities. Its primary function is to provide affordable housing options and vacation experiences across North America. Sun Communities is predominantly focused on the residential real estate sector, with a diversified portfolio that includes a mix of properties catering to different demographics and preferences. The company manages and develops a variety of properties that offer economically-priced manufactured housing communities and upscale RV resorts. These properties are strategically located in both urban and desirable vacation destinations, contributing to their attractiveness and market appeal. With a commitment to quality living experiences, Sun Communities also offers a range of community amenities and social activities to enhance the lifestyle of its residents. Within the financial market, Sun Communities plays a significant role in providing investors with the opportunity to gain exposure to the stable and growing manufactured housing and RV sectors. Through its extensive and diversified portfolio, Sun Communities is positioned as a leader in these niche real estate markets, supporting its reputation as a reliable and innovative REIT.
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