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News May 02, 2017

Shearman & Sterling Advises on $650 Million Senior Unsecured Credit Facility for Sun Communities, Inc.

Shearman & Sterling represented Citibank, N.A., as administrative agent, in connection with a $650 million senior unsecured credit facility for Sun Communities, Inc., comprised of a $550 million revolving loan and a $100 million term loan.

Sun Communities, Inc. is a real estate investment trust that owns and operates or has an interest in 342 manufactured housing and recreational vehicle communities located in 29 states throughout the United States and Ontario, Canada, comprising approximately 118,000 developed sites.

The Shearman & Sterling team included partner Malcolm Montgomery (New York-Real Estate) and associates Jocelyn Redman (Washington, DC-Real Estate), Elizabeth Vinci and Matthew Tosto (both New York-Real Estate).