Andrew J. Pitts is a partner in Cravath’s Corporate Department. He is a generalist corporate lawyer who advises on a broad range of corporate issues and has a significant corporate finance practice.
Mr. Pitts’s finance practice focuses on public and private securities offerings for investment banking clients and issuers. Principal areas of concentration include the transportation and insurance industries and, from a product perspective, equity derivatives and equity‑linked securities. Mr. Pitts also regularly represents investment banking clients and issuers in connection with liability management transactions, including debt tender and exchange offers and consent solicitations.
Mr. Pitts’s advisory work covers, among other things, corporate governance, public company disclosure obligations and director and officer liability issues (including D&O insurance). Mr. Pitts also frequently teams with other Cravath partners in complex merger and acquisition transactions.
Recent financing transactions include: (i) the initial public offerings of AeroVironment, Inc., Apollo Global Management LLC, FleetCor Technologies, Freescale Semiconductor, Hyatt Hotels Corporation, Morgans Hotel Group, Quintana Maritime Limited, Teekay Tankers Ltd. and WebMD Health Corp.; (ii) secondary equity offerings for DreamWorks Animation SKG, ON Semiconductor, Seaspan Corporation and Tumi Holdings; (iii) preferred stock offerings for Axis Capital Holdings Limited, PNC, Seaspan Corporation and Tsakos Energy Navigation; (iv) high‑yield debt offerings for Ashland, Brunswick, Level 3 Communications, Rite Aid and Standard Pacific; and (v) convertible preferred and/or debt offerings for Asbury Automotive, Conseco, Dollar Financial, Emdeon, GSI Commerce, Protective Life, RTI International Metals, Terex, United Rentals and XPO Logistics. Recent tender or exchange offers include representation of the dealer managers in transactions for Commonwealth Telephone, Dominion Resources, Eastman Kodak and Reed Elsevier. Mr. Pitts also acts as designated underwriters’ counsel in connection with the debt and equity offerings of several investment grade corporations, including Air Products & Chemicals, Alcoa, Conoco, Harris Corporation, Loews Corporation, Marathon Oil and PNC.
Mr. Pitts authored an article entitled “Corporate Governance Considerations for the Pre‑IPO Company,” published in the Fall 2007 issue of Bloomberg Corporate Law Journal. He also co‑authored an article, along with John White, entitled “SEC Finalizes Offering Reforms,” which appeared in the August 2005 edition of International Financial Law Review.
Mr. Pitts has been repeatedly cited as one of the leading practitioners in capital markets by, among others, Chambers USA: America’s Leading Lawyers for Business from 2007 through 2013; Chambers Global: The World’s Leading Lawyers for Business from 2008 through 2013; The Legal 500 from 2010 through 2013; IFLR1000: The Guide to the World’s Leading Financial Law Firms from 2007 through 2014; The Best Lawyers in America from 2011 through 2014; and The International Who’s Who of Capital Markets Lawyers. Cravath was recognized in 2007 as a leading law firm in the shipping industry by Chambers Global.
Mr. Pitts was born in Rochester, New York. He received a B.A. from Trinity College in 1988, a J.D. summa cum laude in 1994 from Boston University, where he was Notes Editor of the Law Review and received the Alumni Achievement Award, and an M.B.A. from Boston University in 1995. Mr. Pitts joined Cravath in 1995 and became a partner in 2003.
Mr. Pitts may be reached by phone at 212‑474‑1620 or by email at email@example.com.