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| SUI > SEC Filings for SUI > Form 8-K on 9-Nov-2012 | All Recent SEC Filings |
9-Nov-2012
Entry into a Material Definitive Agreement, Other Events, Financial Statement
On November 6, 2012, Sun Communities, Inc. (the "Company") and its operating
partnership, Sun Communities Operating Limited Partnership, entered into an
underwriting agreement (the "Underwriting Agreement") with Citigroup Global
Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as
representatives of the several underwriters named in Schedule II to the
Underwriting Agreement (the "Underwriters"), pursuant to which the Company
agreed to issue and sell to the Underwriters, subject to the terms and
conditions set forth in the Underwriting Agreement, an aggregate of 3,000,000
shares (the "Offered Shares") of the Company's 7.125% Series A Cumulative
Redeemable Preferred Stock, $0.01 par value per share (the "Series A Preferred
Stock"). The Company also granted to the Underwriters a 30-day option to
purchase up to an additional 450,000 shares of Series A Preferred Stock (the
"Option Shares" and, together with the Offered Shares, the "Shares"). The
Underwriting Agreement contains customary representations, warranties and
agreements of the Company and customary conditions to closing, indemnification
rights and obligations of the parties and termination provisions.
The offering and sale of the Shares have 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. 333-181315).
The preceding description is qualified in its entirety by reference to the
Underwriting Agreement, a copy of which is attached hereto as Exhibit 1.1 to
this Current Report on Form 8-K and is incorporated herein by reference.
On November 6, 2012, the Company issued a press release announcing the pricing
of the Shares. A copy of the press release is attached as Exhibit 99.1 hereto
and is incorporated herein by reference.
On November 9, 2012, Ober, Kaler, Grimes & Shriver, a Professional Corporation,
delivered its legality opinion with respect to the Shares. The legality opinion
is attached hereto as Exhibit 5.1 and is incorporated herein by reference.
(d) Exhibits:
Exhibit No. Description
1.1 Underwriting Agreement, dated November 6, 2012, by and among Sun
Communities, Inc., Sun Communities Operating Limited Partnership,
and Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner
& Smith Incorporated, as representatives of the several Underwriters
named in Schedule II attached thereto
5.1 Opinion of Ober, Kaler, Grimes & Shriver, a Professional Corporation
8.1 Opinion of Jaffe, Raitt, Heuer & Weiss, Professional Corporation
12.1 Calculation of Earnings to Combined Fixed Charges and Preferred
Stock Dividends
23.1 Consent of Ober, Kaler, Grimes & Shriver, a Professional Corporation
(included in Exhibit 5.1)
23.2 Consent of Jaffe, Raitt, Heuer & Weiss, Professional Corporation
(included in Exhibit 8.1)
99.1 Press Release dated November 6, 2012
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