BofA Merrill Lynch, Citigroup and BMO Capital Markets Serve as Joint Book-Running Managers for Sun Communities Public Offering of Common Stock

November 06, 2015

NEW YORK— Paul Hastings LLP, a leading global law firm, announced today that the firm represented BofA Merrill Lynch, Citigroup and BMO Capital Markets 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, operates and develops manufactured housing and recreational vehicle communities, sold a total of 3,737,500 shares of common stock priced at $65.00 per share (including the full exercise of the underwriters’ option to purchase additional shares). The transaction raised gross proceeds of approximately $243 million.

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

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

Paul Hastings LLP is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.