The company estimates net proceeds from the underwriting will be roughly $233.1 million after underwriting and selling expenses are deducted, according to nasdaq. Sun intends to use the funding to pay down current revolving loan debt, acquire additional properties and for general corporate purposes.
As MHProNews knows, Sun owns and operates 248 manufactured home and recreational vehicle communities comprised of 92,500 sites in the U. S. ##
(Photo credit: Sun Communities, Inc.)
