Sun Communities, Inc. (SUI) Announces New $2 Billion Revolving Credit Facility

Core Insights - Sun Communities, Inc. (NYSE:SUI) is recognized for significant revenue and dividend growth, making it one of the 20 best stocks to buy and hold for a lifetime [1] Financial Developments - Sun Communities announced a new $2 billion revolving credit facility on September 22, 2025, replacing a previous $3.05 billion facility set to mature in April 2026 [2] - The new credit facility allows borrowings in multiple currencies, including USD, Euros, Canadian dollars, and Australian dollars, with margins ranging from 0% to 1.4% based on loan type [2] - The maturity date for the new facility is January 31, 2030, with options for six-month extensions, and there were no outstanding borrowings at closing [2] Leadership and Strategic Initiatives - Charles D. Young, the new CEO of Sun Communities, received a $1 million stock reward upon joining the company on October 1, 2025 [3] - The new credit arrangement enhances the company's financial flexibility to support ongoing operations, potential acquisitions, and expansion plans across its portfolio of manufactured home and RV communities [3] Company Overview - Sun Communities is a real estate investment trust (REIT) that owns or manages 501 developed properties, comprising approximately 174,450 units across the United States, Canada, and the United Kingdom [4]