Paul Hastings Represents Citigroup and BofA Merrill Lynch as Joint Book Runners in Sun Communities, Inc. Public Offering of Preferred Stock
New York, NY (November 14, 2012) - 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
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