But the equity raise won't bring in enough cash to cover the 86.1 million. I thought Shiffman in the not too recent past promised to not add to the debt load and ONLY do debt load neutral deals that were accretive?
If interest rates turn up and work their way gradually into SUI's cost structure--as they will, this will have a significant negative impact on SUI. Look at the debt load. Look at cash flow. Think about the increase in interest expense as compared to cash flow.
Sorry. Scratch that. I read 1,200,000 plus 630,000 if fully subscribed instead of 4,200,000 plus 630,000 potential new shares. This would, of course, cover the recent acquisition price announced. Yet my concern about the debt pile remains. Interest rates rising will be a significant negative for SUI with such a large debt pile relative to cash flow.