left-caret
news

News

Paul Hastings Represents Joint Book-Running Managers for Sun Communities Operating Limited Partnership’s Public Offering of $600 Million Aggregate Principal Amount of 4.200% Senior Notes due 2032

April 12, 2022

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, Fifth Third Securities and RBC Capital Markets as joint book-running managers for Sun Communities Operating Limited Partnership’s public offering of $600 million aggregate principal amount of 4.200% senior notes due 2032. 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 notes will be senior unsecured obligations of the operating partnership, guaranteed fully and unconditionally by Sun Communities, Inc. The operating partnership intends to use the net proceeds of the offering to repay borrowings outstanding under its senior credit facility, to fund possible future acquisitions of properties, and for working capital and general corporate purposes. Co-managers in the offering included Huntington Capital Markets, Regions Securities LLC, SMBC Nikko, Truist Securities, US Bancorp, Wells Fargo Securities, Goldman Sachs & Co. LLC, PNC Capital Markets LLC, Scotiabank, Wedbush Securities and Ramirez & Co., Inc.

Securities & Capital Markets partner Yariv Katz led the Paul Hastings team, which also included associates Shai Marshall, Nicolette Ursini 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.

Dedicated to helping the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. We are one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets and real estate finance.

Our unmatched client service has helped us become one of the legal profession’s most admired firms, known for a diverse and highly collaborative culture that delivers innovative solutions.

 

Practice Areas


SIGN UP FOR NEWS INSIGHTS

MEDIA CONTACTS

Submission Requests
Corporate, Litigation, Real Estate, and Tax
Scott Wasserman
Intellectual Property, Life Sciences, and Employment
Becca Hatton
Europe
Rostrum
Paris
Katy Foster

Get In Touch With Us

Contact Us