Sun Communities, Inc. Completes Sale of Park Holidays to Aermont Capital

Sun Communities completed the sale of its UK assets, including the Park Holidays business, to Panther Bidco Limited, an Aermont Capital affiliate, receiving net cash consideration of approximately $1.03 billion. Proceeds are expected to go primarily toward share repurchases, debt paydown, and general corporate purposes; year-to-date through September 21, Sun has already bought back roughly 3.5 million shares for about $425 million.

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