Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup and BofA Merrill Lynch as joint book-running managers for Sun Communities, Inc.’s (NYSE: SUI) public offering of 7.125% Series A Cumulative Redeemable Preferred Stock.
Sun Communities, Inc., a real estate investment trust that owns, operates and develops manufactured housing and recreational vehicle communities, sold a total of 3,400,000 shares of 7.125% Series A Cumulative Redeemable Preferred Stock. The transaction raised gross proceeds of $85,000,000.
BMO Capital Markets and Janney Montgomery Scott served as co-managers in the offering.
Securities & Capital Markets partner Michael L. Zuppone and senior associate Yariv Katz led the Paul Hastings team, which also included associates Keith Gartner, Gonzalo Gutierrez and Melissa Fishkin.
The Paul Hastings team has also represented Citigroup and BofA Merrill Lynch in prior follow-on public offerings for Sun Communities, Inc.
