George R. Skupski

Associate

Cleveland
T +1.216.861.7105
F +1.216.696.0740

Overview

Focusing his practice on the business and corporate areas, George Skupski represents clients navigating general business issues and significant transactional matters. George assists public and private companies with business formations, mergers, acquisitions and reorganizations, capital raising and commercial and project finance transactions, and securities law compliance. In his finance practice, George represents operating companies and project sponsors implementing sophisticated financing structures using both traditional and alternative financing sources, including federal and state tax credits and various government subsidies and incentives. In the development of his growing practice, George's experience enables him to recognize the importance of developing creative and efficient solutions to day-to-day and major business needs.

Select Experience

  • Lead associate in the representation of a project sponsor in the ground-up development and financing of a $1.5 billion state-of-the-art steel mini-mill in Northeast Arkansas, selected by IJGlobal Americas (formerly Project Finance Magazine) as the 2014 North American Mining and Metals Deal of the Year. Project capital sources include equity from financial and strategic investors, senior secured debt from private and government lenders, mezzanine debt, EB-5 financing, and various grants and other financial incentives from state, county and municipal governments and commercial partners. Managed due diligence, provided drafting and negotiation support, and oversaw the closings for the private debt and equity transactions; coordinated with specialists on all aspects of project development for the initial financial closing; and provides ongoing counsel in connection with financing, organizational and commercial matters. 
  • Represented a metal recycling company in financing the restoration and operations of a recently acquired facility through a federal new markets tax credit financing transaction. Managed due diligence, assisted in structuring the transaction, and drafted, reviewed and negotiated various loan and tax credit equity transaction documents.
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Experience

  • Lead associate in the representation of a project sponsor in the ground-up development and financing of a $1.5 billion state-of-the-art steel mini-mill in Northeast Arkansas, selected by IJGlobal Americas (formerly Project Finance Magazine) as the 2014 North American Mining and Metals Deal of the Year. Project capital sources include equity from financial and strategic investors, senior secured debt from private and government lenders, mezzanine debt, EB-5 financing, and various grants and other financial incentives from state, county and municipal governments and commercial partners. Managed due diligence, provided drafting and negotiation support, and oversaw the closings for the private debt and equity transactions; coordinated with specialists on all aspects of project development for the initial financial closing; and provides ongoing counsel in connection with financing, organizational and commercial matters. 
  • Represented a metal recycling company in financing the restoration and operations of a recently acquired facility through a federal new markets tax credit financing transaction. Managed due diligence, assisted in structuring the transaction, and drafted, reviewed and negotiated various loan and tax credit equity transaction documents.
  • Represented the project developer and operating company group in financing the construction and startup operations of a $200 million silicon production facility through sponsor equity, traditional term and revolving debt arrangements; various federal, state and local government subsidies and incentives; and state and federal new markets tax credit financing. Managed various aspects of the due diligence and closing processes, and assisted in drafting and negotiating various commercial contracts and debt, tax credit equity and government incentive transaction documents.
  • Represented a developer in connection with the acquisition and rehabilitation of an affordable housing complex in Cleveland utilizing 9 percent low-income housing tax credit financing, U.S. Department of Housing and Urban Development–insured senior debt financing, and subordinate debt financing from the city of Cleveland and the Ohio Housing Finance Agency. Provided drafting and negotiation support for the equity and debt transactions in the sophisticated capital structure.
  • Represented a developer in connection with the rehabilitation of the historic Wells Building in Youngstown, Ohio, utilizing conventional construction and permanent debt financing, various property tax and financial incentives from the city, and federal and state historic tax credit financing.
  • Represented a national media organization disposing the final piece of its radio business through an asset sale. Assisted with due diligence and the preparation of ancillary purchase agreement documents, and oversaw a large portion of the closing consent and approval process.
  • Represented a software company in a stock acquisition and the post-acquisition consolidation of a complementary international software business. Conducted due diligence on the U.S.-based operation of the target, assisted in drafting and negotiating ancillary transaction documents, and coordinated various foreign governance documents and filings necessary to integrate the purchased domestic and foreign subsidiaries.
  • Assisted a national restaurant operation in its secondary public equity offering. Provided research and drafting support for the S-1 registration statement and related offering documents, and coordinated various aspects of the securities filing and closing processes.

Recognitions and Memberships

Memberships

  • American Bar Association
  • Ohio State Bar Association
  • Cleveland Metropolitan Bar Association

Emerging Issues

Admissions

  • Ohio

Education

  • J.D., Case Western Reserve University School of Law, 2012; Order of the Coif, magna cum laude; Senior Editor, Case Western Reserve Law Review
  • B.S., Finance, University of Akron, 2009, summa cum laude