Ann Buckingham

Pretium and a group of its investors and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation (NYSE: ARES) have announced a strategic partnership to acquire Front Yard Residential Corporation (NYSE: RESI) (Front Yard), a leading provider of high-quality and affordable single-family rental (SFR) housing, in an all-cash transaction that values Front Yard at US$2.4 billion. Latham & Watkins LLP represents Ares Management in the transaction with a corporate deal team led by New York partner Michelle Kelban and Los Angeles partner Julian Kleindorfer, with associates Owen Alexander, Sarah Smoler, and Mark Semotiuk. Advice was also provided on investment funds matters by San Diego partner Nadia Sager, with associate Shandy Pinkowksi; on general corporate matters by San Diego partner Ann Buckingham; and on tax matters by Century City partner Pardis Zomorodi.~~

Oct 19

1 min

Viasat, Inc. (Nasdaq: VSAT), a global communications company, has priced its offering of US$733.4 million in aggregate principal amount of its 7.5% Senior Notes due 2031. The notes were offered and sold to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933. The notes will have an interest rate of 7.5% per annum and will be issued at a price equal to 100% of their face value. Latham & Watkins represents Viasat in the offering with a corporate team led by San Diego partner Craig Garner, New York partner Andrew Baker, and San Diego partner Ann Buckingham, with associates Hana Nah, Angel Marcial, Amy Dau, Adam Picker, and Richard Dacher. Advice was also provided on tax matters by New York partner Bora Bozkurt and Century City/Orange County partner Samuel Weiner, with associates Aaron Bernstein and Brian Rogers.~~

Sep 22

1 min

Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, has announced that it has entered into a definitive agreement to sell its Link 16 Tactical Data Links business to L3Harris Technologies for US$1.96 billion, subject to customary transaction adjustments in accordance with the agreement. The sale is expected to result in cash proceeds to Viasat of approximately US$1.8 billion net after estimated taxes, fees, and other expenses. Latham & Watkins LLP represents Viasat in the transaction with a corporate deal team led by San Diego partners Craig Garner and Ann Buckingham, with associates Claire Drucker and Madeleine Keach. Advice was also provided on intellectual property matters by Bay Area partner Tony Klein and Bay Area counsel Arielle Singh, with associates Amy Tosi and Caroline Omotayo; on tax matters by Century City partner Sam Weiner, with associate Brian Rogers; on benefits and compensation matters by San Diego partner Holly Bauer, with associate Rachel Narowski; on antitrust matters by Washington, D.C. partners Jason Cruise and Lindsey Champlin, London partner Jonathan Parker, and Brussels counsel Rita Motta, with associates Matthew Piehl and James Mathieson; and on insurance matters by Los Angeles partner Drew Levin, with associate Hannah Cary.~~

Oct 3

1 min

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, and Blackstone Real Estate Income Trust, Inc. (BREIT) have announced that Realty Income has signed a definitive agreement to invest approximately US$950 million to acquire common and preferred equity interests from BREIT in a new joint venture that owns a 95% interest in the real estate assets of The Bellagio Las Vegas. Upon closing, Realty Income will invest approximately US$300 million of common equity in the joint venture, subject to certain adjustments, to acquire a 21.9% indirect interest in the property, BREIT will retain a 73.1% indirect interest, and MGM Resorts International (MGM) will retain a 5.0% interest in the property. Realty Income will also invest US$650 million to acquire a yield-bearing preferred equity interest in the joint venture. The transaction is expected to close in the fourth quarter of 2023 and is subject to customary closing conditions. Latham & Watkins LLP represents Realty Income in the transaction with a deal team led by San Diego partner Ann Buckingham, with associate Ryan Kazemaini, on the joint venture aspects of the transaction, and by Century City/New York partner Meghan Cocci, with associate Kim Legate-Ford, on the real estate aspects of the transaction. Advice was also provided on tax matters by Century City partner Ana O’Brien and counsel Will Kessler, and on general corporate matters by Orange County partners Darren Guttenberg and William Cernius.~~

Aug 30

1 min

Latham & Watkins partners Ann Buckingham and Jennifer Roy have been named among Women of Influence in Law by the San Diego Business Journal. Practice Technology Manager Christine Stansall was also recognized for advancing uses of technology in the practice of law. Buckingham, a partner in the firm’s Mergers & Acquisition Practice, was cited in her published profile for “extensive experience representing companies on complex and cross-border joint ventures, mergers and acquisitions, with a particular focus on the communications, technology, real estate and gaming sectors.” Roy, a partner in the Environment, Land & Resources Practice, counsels clients in all areas of environmental law with a particular focus on energy and major infrastructure projects. Her published profile noted that Roy “has built a strong reputation in project entitlement matters, administrative and municipal hearings, land use litigation, and federal environmental review and permitting issues.” Stansall was recognized for her role in technology initiatives across a 27-year career, in which she has built a reputation as “a fierce advocate for the education and training of all legal professionals in eDiscovery.”~~

Jun 28

1 min