Sun Communities’ $409 Million Common Stock Offering

Paul Hastings LLP represented BofA Merrill Lynch and Citigroup as joint book-running managers for Sun Communities, Inc.’s (NYSE: SUI) follow-on public offering of common stock.

Sun Communities, Inc., a real estate investment trust that owns and operates or has an interest in manufactured housing and recreational vehicle communities, sold a total of 4,830,000 shares of common stock (including the full exercise of the underwriters’ option to purchase additional shares) and raised gross proceeds of approximately $409 million.

Co-managers in the offering included Baird, RBC Capital Markets, Credit Suisse, Fifth Third Securities, PNC Capital Markets LLC, BTIG and Ramirez & Co., Inc.

Securities & Capital Markets partner Yariv Katz (Picture) led the Paul Hastings team, which also included associates Keith Gartner, Melissa Fishkin and Felicia Yen. The Paul Hastings team has also represented the joint book-running managers in multiple prior public offerings for Sun Communities, Inc.

Involved fees earner: Yariv Katz – Paul Hastings; Keith Gartner – Paul Hastings; Melissa Fishkin – Paul Hastings; Felicia Yen – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Bank of America Merrill Lynch; Citigroup Inc.;


Author: Ambrogio Visconti