Paul Hastings Represents Joint Book-Running Managers for Sun Communities Operating Limited Partnership’s Public Offering of $600 Million Aggregate Principal Amount of Senior Notes

October 05, 2021

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup, J.P. Morgan, BofA Securities, BMO Capital Markets, Citizens Capital Markets and RBC Capital Markets as joint book-running managers for Sun Communities Operating Limited Partnership’s public offering of $450 million aggregate principal amount of 2.300% senior notes due 2028 (the “2028 notes”) and $150 million aggregate principal amount of 2.700% senior notes due 2031 (the “2031 notes”). Sun Communities Operating Limited Partnership is the operating partnership of Sun Communities, Inc. (NYSE: SUI), a real estate investment trust that owns and operates or has an interest in manufactured housing communities, recreational vehicle resorts and marinas. The 2031 notes are additional notes of the same series as the $600 million aggregate principal amount of 2.700% Senior Notes due 2031 that the operating partnership previously issued on June 28, 2021. The 2031 notes offered in the offering and such previously issued 2.700% Senior Notes due 2031 are identical (other than with respect to issue date and price) and will constitute a single series.

The 2028 notes and the 2031 notes will be senior unsecured obligations of the operating partnership, guaranteed fully and unconditionally by Sun Communities, Inc. Co-managers in the offering included Fifth Third Securities, Huntington Capital Markets, Regions Securities LLC, Truist Securities, US Bancorp, Wells Fargo Securities, PNC Capital Markets LLC, Wedbush Securities and Ramirez & Co., Inc.

Securities & Capital Markets partner Yariv Katz led the Paul Hastings team, which also included associates Flavio Averbug, Nicolette Ursini, Peter Simon and Amelia Seder.

The Paul Hastings team has also represented the joint book-running managers in multiple prior public offerings by Sun Communities, Inc. and its operating partnership.

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