Askin, Kenneth D.

Kenneth D. Askin

Partner

kenneth.askin@lw.com
    Askin, Kenneth D.

    Kenneth D. Askin

    Partner

    kenneth.askin@lw.com
    Recommended for Structured Finance.

    The Legal 500 US 2017-2018

    Profile

    Kenneth D. Askin is a partner in the Los Angeles office of Latham & Watkins and is a member of the Finance Department.

    Mr. Askin represents corporate borrowers, banks, direct lenders, REITs, private equity sponsors, and other financial institutions, in a wide range of complex financing transactions, with a particular focus on the gaming and hospitality industries.

    He has experience structuring, negotiating, and documenting various financial transactions, including secured, unsecured, and asset-based credit facilities, leveraged acquisition financings, construction financings, working capital financings, private placements, and cross-border financings.

    Experience

    Mr. Askin’s recent experience includes:

    • Lead arrangers in connection with the financing of Aristocrat Leisure Limited’s pending acquisition of Playtech plc
    • Eldorado Resorts Inc. in connection with the financing of its US$17 billion acquisition of Caesars Entertainment Corporation
    • Lead arrangers in connection with the financing of Bally’s Corporation’s acquisition of Gamesys plc
    • Boyd Gaming in all of its secured credit facility financing transactions since 2019
    • Caesars Entertainment, Inc. in connection with its acquisition and financing of William Hill
    • Credit Suisse as lead arranger in financings for a number of gaming and hospitality companies
    • Citizens Bank as lead arranger in several financings of private equity acquisitions and portfolio companies
    • Playtika Holding Corp. in connection with US$2.5 billion of senior secured credit facilities
    • Resorts World Las Vegas in its US$2.6 billion construction financing 
    • Realty Income in its US$3.5 billion senior unsecured multicurrency credit facilities and GB£315 million unsecured private placement
    • Golden Entertainment in connection with US$1.1 billion of senior secured credit facilities to finance its acquisition of ACEP
    • Caesars Resort Collection in its US$5.7 billion senior secured credit facilities
    • Red Rock Resorts in its US$2.7 billion senior secured credit facilities
    • Antares Capital in numerous acquisition financings for private equity sponsors
    • Extra Space Storage in its US$2.8 billion senior unsecured credit facilities and additional unsecured private placements
    • Caesars Entertainment Operating Company in US$1.5 billion senior secured facilities in connection with its emergence from bankruptcy
    • Callaway Golf in connection with the financing arrangements for its acquisition of TopGolf
    • Sculptor Real Estate in acquisition financings, construction financings and refinancings of gaming properties in California, New York, and Mississippi
    • Lead arrangers in connection with the US$5.5 billion in senior secured financing relating to the spin-off of MGM Growth Properties from MGM Resorts International
    • The Walt Disney Company in its US$5 billion of unsecured 364-day credit facilities
    • Lead arrangers of a US$150 million secured revolving credit facility for CorePoint Lodging in connection with its spin off from LaQuinta Hotels
    • New Regency Productions in its $US625 million secured asset-based revolving and term loan credit facilities

    Qualifications

    Bar Qualification

    • California

    Education

    • JD, University of California, Los Angeles School of Law, 2006
    • BA, Rice University, 2003

    Practices

    Industries

    News & Insights

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