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Cravath, Swaine & Moore LLP

WORLDWIDE PLAZA, 825 EIGHTH AVENUE, 10019-7475, USA
Tel:
Work +1 212 474 1000
Fax:
Fax +1 212 474 3700
Email:
Web:
www.cravath.com
London, NEW YORK

William Fogg

Tel:
Work +1 (212) 474-1131
Email:
Cravath, Swaine & Moore LLP

Work Department

Corporate

Position

William V. Fogg is a partner in Cravath’s Corporate Department and serves as Co‑Head of the Firm’s Financing Practice. His practice focuses on representing issuers and investment banking firms in connection with a wide variety of public and private securities offerings, including high‑yield and investment grade debt offerings, IPOs and other equity and equity‑linked offerings. Mr. Fogg also advises companies on corporate governance and general corporate and disclosure matters.

Mr. Fogg’s corporate clients have included UAL, Jones Group, Evolent Health, Mylan, Burlington Northern, Home Depot, Cincinnati Bell, CyrusOne, Alliant Energy, Wisconsin Power and Light Company and Pepsi Bottling.

Mr. Fogg is designated underwriters’ counsel for a number of companies, including JPMorgan Chase & Co. (approximately 85 offerings since the beginning of 2008), United Rentals, DuPont, The Mosaic Company, Freeport‑McMoRan Copper & Gold and Graftech.

Career

Mr. Fogg joined Cravath in 1991, became a partner in 1999 and served as the Corporate Hiring Partner from 2007 to 2010, the Managing Partner, Corporate from 2012 to 2014 and the Head of Cravath’s Corporate Department from 2014 to September 2016.

Mr. Fogg has been repeatedly cited as one of the country’s leading capital markets practitioners by, among others, Chambers USA: America’s Leading Lawyers for Business from 2008 through 2018; Chambers Global: The World’s Leading Lawyers for Business from 2009 through 2018; The Legal 500 from 2011 through 2017; IFLR1000 from 2008 through 2018; The Best Lawyers in America from 2007 through 2018; and Super Lawyers from 2012 through 2017. He was named to Lawdragon’s list of the “500 Leading Lawyers in America” in 2008 and 2016 through 2018.

Member

Mr. Fogg serves on the Board of Trustees and the Executive Committee of The Williston Northampton School, as well as the Board of Directors and the Executive Committee of The First Tee of Metropolitan New York.

Education

Mr. Fogg was born in New York, New York. He received an A.B. magna cum laude from Brown University in 1988 and a J.D. from Columbia Law School in 1991, where he was a Harlan Fiske Stone Scholar and a Managing Editor of the Journal of Law and Social Problems.


United States: Finance

Capital markets: debt offerings

Within: Capital markets: debt offerings

The ‘Rolls-Royce practice’ at Cravath, Swaine & Moore LLP is widely regarded as ‘a stand-out performer in the securities space’. The New York-centered team, which wins an enviable share of the market’s most high-profile transactions, is equally adept on the issuer and underwriter side and counts major multinationals and bulge bracket banks among its most active clients. North America department lead Andrew Pitts is ‘extremely strong’ and led several big-ticket transactions over the past year, including acting for the underwriters (led by Morgan Stanley, Barclays, BNP Paribas, HSBC, Bank of America Merrill Lynch, Citigroup and Mizuho Securities) on a €2.7bn offering of fixed- and floating-rate notes by Allergan Funding. In another headline underwriter-side mandate, corporate heavyweight Craig Arcella advised the underwriters on two notes offerings by Johnson & Johnson totaling $9bn. Among its issuer highlights, Stephen Burns and William Whelan assisted International Business Machines with its $2.7bn notes offering, while Johnny Skumpija, whose ‘star continues to rise’, advised Northrop Grumman on its $8.2bn notes offering. William Fogg is also a key contact.

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Capital markets: equity offerings

Within: Leading lawyers

William Fogg - Cravath, Swaine & Moore LLP

Within: Capital markets: equity offerings

The ‘efficient and effective’ group at Cravath, Swaine & Moore LLP attracts rave reviews for its lawyers’ ‘strong commercial acumen’ and ‘peerless market knowledge’. In particular, finance co-chair William Fogg has a ‘razor-sharp mind’ and advised the underwriters on JPMorgan Chase’s $1.2bn offering of depositary shares. North America capital markets head Andrew Pitts is widely lauded as a ‘market leader’ and he and ‘rising star’ Scott Bennett assisted the underwriters and selling stockholders with Alcoa’s $465m common stock offering. The New York-based group also continues to raise its game on the issuer side and, in what was arguably the group’s key highlight of 2017, Stephen Burns and ‘strong performerJohnny Skumpija advised Crown Castle International on its $1.5bn convertible preferred stock offering and concurrent $3.8bn common stock offering. Senior corporate figure William Whelan is also highly regarded for equity transactions.

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Capital markets: global offerings

Within: Capital markets: global offerings

Cravath, Swaine & Moore LLP handled a high volume of equity, investment grade debt and high-yield debt transactions for global clients through 2017 and notably its issuer-side practice set the pace for the department - historically it has been stronger on the manager side. Company-side mandates included Scott Bennett advising Jose Cuervo’s parent company, Becle, on its MXN$12.8bn international offering of shares in the US and its concurrent MXN$5.8bn IPO on the Mexican Stock Exchange. On the debt side, Craig Arcella assisted AerCap Ireland Capital and AerCap Global Aviation Trust with two senior notes offerings totaling $1.6bn. On the manager side, Andrew Pitts, who heads the New York-centered group, acted for the underwriters on Allergan Funding’s €2.7bn fixed- and floating-rate notes offering on the NYSE. In a high-yield debt highlight, William Fogg advised the initial purchasers (led by Citigroup and Barclays) on a $500m senior notes offering by Canada’s GW Honos Security Corporation.

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Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Key attributes of Cravath, Swaine & Moore LLP’s New York-based group include its ‘strong business mindset’, ‘strategic approach’ and ‘great responsive times’. The well-balanced practice, which is equally adept at advising issuers and underwriters, is routinely engaged by major multinationals and global investment banks for sophisticated transactions. Its underwriter-side work is particularly high-profile, with North America capital markets head Andrew Pitts recently advising the underwriters on MPLX LP’s $2.2bn high-yield notes offering and Stephen Burns and ‘the very talentedJohnny Skumpija acting for the initial purchasers in a $1bn high-yield notes offering by Chesapeake Energy. Among its issuer highlights, William Fogg assisted CyrusOne and CyrusOne Finance with two notes offerings totaling $1.2bn and Joseph Zavaglia advised Olin Corporation on its $500m notes offering. Craig Arcella and William Whelan are also specialists in the space.

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United States: Media, technology and telecoms

Telecoms and broadcast: transactional

Within: Telecoms and broadcast: transactional

Cravath, Swaine & Moore LLP’s ‘excellent’ New York-based transactions team focuses on telecoms-related M&A and capital markets deals, and is highlighted for its ‘business acumen’, ‘industry knowledge’ and ‘strength of team’. M&A specialist Robert Townsend leads the practice and assisted Cincinnati Bell with its $650m merger with Hawaiian Telcom. George Schoen is ‘the complete lawyer for M&A’ and is highly experienced in technology transactions. Capital markets transactions are typically handled by William Fogg, Scott Bennett and Johnny Skumpija. Notable work highlights included Fogg advising CyrusOne on two notes offerings which together amounted to $1.2bn, Bennett assisting Qualcomm with its $11bn debt offering, Skumpija working with Cox Communications on a $2.6bn notes offering, and Cooper advising Level 3 Communications on $4.6bn-worth of loans from Merrill Lynch and Bank of America to finance its existing indebtedness. The team also assisted Crown Castle International with its $7.1bn purchase of LTS Group Holdings from a number of investors, advised Time Warner on its proposed $108.7bn merger with AT&T, advised Cable ONE on its $735m acquisition of NewWave Communications from GTCR, and assisted the Strategic Review Committee of the Board of Directors of Yahoo! with the $4.48bn sale of its operating business to Verizon.

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