Sun Communities Operating LP (SUI) 2023-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD400.00010Jan-33Sr. UnsecuredBaa3BBB-FixedTsyT+250 aT+225 a2235.70%899.72900
Tranche Comments
10 yr: Book size: 1400; First Pay: 2023-07-15; Redemption: 2032-10-15; Registration: Registered; Comments: US$400m (upsized from US$300m) 5.70% cpn 10yr(1/15/33) at 99.729 , yld 5.736% . Spread: T+223bp. MWC: T+35bp. Par Call: 3m. LEI: 549300PUNBPJCGT6X741;
Deal Comments
Active Bookrunners: CTI(B&D), JPM, BAM. Passive Bookrunners: BMO, CIZ, FTB, RBC
Guarantor(s)
Sun Communities Inc
Use of Proceeds
Repay debt, M&A and for general corporate purposes
Research
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