Current Report — Form 8-K Filing Table of Contents
Document/ExhibitDescriptionPagesSize 1: 8-K Current Report HTML 36K
2: EX-1.1 Underwriting Agreement or Conflict Minerals Report HTML 110K
3: EX-1.2 Underwriting Agreement or Conflict Minerals Report HTML 109K
4: EX-1.3 Underwriting Agreement or Conflict Minerals Report HTML 233K
5: EX-5.1 Opinion of Counsel re: Legality HTML 24K
6: EX-99.1 Miscellaneous Exhibit HTML 14K
7: EX-99.2 Miscellaneous Exhibit HTML 14K
8: EX-99.3 Miscellaneous Exhibit HTML 7K
15: R1 Document and Entity Information Document HTML 49K
17: XML IDEA XML File -- Filing Summary XML 15K
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16: EXCEL IDEA Workbook of Financial Reports XLSX 6K
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(Registrant’s telephone number, including area code)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
i☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name
of each exchange on which registered
iCommon Stock, $0.01 par value
iSUI
iNew
York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
i☐ Emerging growth company
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01
Entry into a Material Definitive
Agreement.
On March 4, 2021, Sun Communities, Inc. (the “Company”) entered into (a) a forward sale agreement (the “Initial Forward Sale Agreement”) with Citibank, N.A. and (b) an underwriting agreement (the “Underwriting Agreement”) with the Company’s operating partnership, Sun Communities Operating Limited Partnership, Citigroup Global Markets Inc., (in its capacity as agent for Citibank, N.A.), as the forward seller (the “Forward Seller”), Citibank, N.A., as the forward counterparty, and Citigroup Global Markets Inc. and BofA Securities,
Inc. as the representatives of the several underwriters named in Schedule II thereto (collectively, the “Underwriters”), relating to the issuance and sale of an aggregate of 8,050,000 shares of the Company’s common stock (the “Common Stock”) at a public offering price of $140.00 per share, pursuant to the Underwriting Agreement, consisting of (i) 4,000,000 shares sold directly by the Company (the “Underwritten Shares”); (ii) 3,000,000 shares of Common Stock offered by the Forward Seller in connection with the Initial Forward Sale Agreement (the “Forward Shares”); and (iii) an option to purchase up to 1,050,000 additional shares of Common Stock (the “Forward Option Shares” together
with the Underwritten Shares and the Forward Shares, the “Shares”), which option was exercised in full. In connection with the Underwriters’ exercise in full of such option, on March 8, 2021, the Company entered into another forward sale agreement (together with the Initial Forward Sale Agreement, the “Forward Sale Agreements”) with Citibank N.A. The offering of the Shares closed on March 9, 2021.
The offering and sale of the Shares has been registered under the Securities Act of 1933, as amended, pursuant to the Company's effective shelf registration statement on Form S-3 (Registration No. 333-224179).
The
foregoing description of the Forward Sale Agreements and the Underwriting Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of each such agreement, copies of which are attached hereto as Exhibits 1.1, 1.2 and 1.3, respectively, and the terms of which are incorporated herein by reference.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
