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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

Johnny Skumpija

Tel:
Work +1 (212) 474-1824
Email:
Cravath, Swaine & Moore LLP

Work Department

Corporate

Position

Johnny G. Skumpija is a partner in Cravath’s Corporate Department and serves as Co-Chair of the Firm’s Business Development Group. His practice focuses on representing issuers and investment banking firms in connection with public and private offerings of securities, as well as representing corporate clients in mergers and acquisitions.

Mr. Skumpija’s clients have included: Barclays, BofA Merrill Lynch, Citi, Cox Communications, Credit Suisse, Crown Castle, Eurazeo, Fortress, Goldman Sachs, J.P. Morgan Securities, Lazard, Mylan, Northrop Grumman, Time Warner and Wells Fargo.

Career

Mr. Skumpija joined Cravath in 2005 and became a partner in 2013.

Mr. Skumpija has been repeatedly recognized for his work in the capital markets arena (including debt and equity) by The Legal 500 from 2013 through 2017 and IFLR1000 from 2014 through 2018. In 2016, he was named a “Rising Star” by Law360, recognizing him as one of five outstanding capital markets lawyers in the nation under the age of 40. In 2017, he was named a “Next Generation Lawyer” in capital markets by The Legal 500. In 2018, Mr. Skumpija was selected to serve as a member of Law360’s Capital Markets Editorial Advisory Board. His work on behalf of Crown Castle and on the financing for RJS Power Holdings were featured by the Financial Times in its annual FT North America Innovative Lawyers 2014 report. Mr. Skumpija has also been recognized by The Legal 500 for his transactional work in the telecoms and broadcast industry in 2014 and 2017.

Education

Mr. Skumpija received a B.A. magna cum laude from New York University in 2002 and a J.D. from the University of Pennsylvania in 2005, where he was the Editor‑in‑Chief of the Journal of International Economic Law and elected to the Order of the Coif.


United States: Finance

Capital markets: debt offerings

Within: Next generation lawyers

Johnny Skumpija - Cravath, Swaine & Moore LLP

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: 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: 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: Next generation lawyers

Johnny Skumpija - Cravath, Swaine & Moore LLP

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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