Latham & Watkins Advises Seaport Entertainment Group in Oversubscribed Rights Offering

Seaport Entertainment Group Inc. (NYSE American: SEG) has announced the preliminary results of its previously announced US$175 million rights offering, which expired at 5:00 p.m., New York City time, on October 10, 2024. According to the subscription agent, Computershare Trust Company, N.A., as of the expiration date, 4,651,166 basic subscription rights were exercised to purchase an aggregate of 5,895,299 shares of the company’s common stock, par value US$0.01 (Common Stock), and 6,847,032 additional shares of common stock were subscribed for under the over-subscription privilege, subject to proration.

Latham & Watkins LLP represented Seaport Entertainment Group in the transaction with a corporate deal team led by capital markets partners Julian Kleindorfer, Alexa Berlin, and Abigail Smith, real estate partners Michael Haas and Justin Elliott, and real estate counsel Karen Ritter, with associates Greer Gaddie, Grace Garcea, Teddy Finneran, Steven Hao, and Dylan Penza. Advice on tax matters was provided by partners Pardis Zomorodi and Jared Grimley and counsel William Kessler, with associate Dominick Constantino.