George R. Skupski

Associate

Cleveland
T +1.216.861.7105
F +1.216.696.0740

Overview

George Skupski focuses his practice on representing a diverse range of clients in debt finance, real estate and project development and finance, capital raising and joint venture transactions and related matters. He has substantial experience structuring, negotiating, documenting and counseling clients on senior and subordinate term and revolving loan facilities, real estate bank, debt fund, CMBS and agency debt financings, note issuances, taxable and tax-exempt bond issuances and equipment financings. In his real estate and project finance practice, George represents operating companies, developers and other project sponsors implementing sophisticated financing structures using both traditional and alternative financing sources, including new markets tax credit, historic tax credit and low income housing tax credit financing, and various government-sponsored subsidies and incentives. George also has experience assisting public and private companies with business formations, mergers, acquisitions, dispositions and reorganizations, corporate governance and commercial contract matters. George’s experience enables him to recognize the importance of developing creative, efficient and practical solutions to significant transactional and day-to-day business needs.

Select Experience

  • Represents the project sponsor in several aspects of the ground-up development and financing of an approximately $2 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, tax-exempt bonds, equipment lease financing, EB-5 financing, and various grants and other financial incentives from state, county and municipal governments and commercial partners. Represented the sponsor in refinancing the development phase financing with taxable and tax-exempt bonds and senior secured notes.
  • Represents several private equity sponsors on acquisition and portfolio company senior secured and mezzanine debt financings ranging in size from approximately $5 million to over $250 million.
  • Represents a public pension fund manager on a wide range of multi-family and commercial real estate acquisition financing, refinancing and assumption transactions, including bank line of credit and term loan facilities and Fannie Mae, Freddie Mac and CMBS loans.
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Experience

  • Represents the project sponsor in several aspects of the ground-up development and financing of an approximately $2 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, tax-exempt bonds, equipment lease financing, EB-5 financing, and various grants and other financial incentives from state, county and municipal governments and commercial partners. Represented the sponsor in refinancing the development phase financing with taxable and tax-exempt bonds and senior secured notes.
  • Represents several private equity sponsors on acquisition and portfolio company senior secured and mezzanine debt financings ranging in size from approximately $5 million to over $250 million.
  • Represents a public pension fund manager on a wide range of multi-family and commercial real estate acquisition financing, refinancing and assumption transactions, including bank line of credit and term loan facilities and Fannie Mae, Freddie Mac and CMBS loans.
  • Represented a public electrical component manufacturer in negotiating and documenting a $700 million unsecured syndicated term and revolving credit facility.
  • Represents a private furniture manufacturer and retailer in negotiating, documenting, refinancing and navigating covenant compliance matters under $70 million term and revolving credit facilities.
  • Represents a private steel processing company in financing the construction, improvement and operation of several facilities utilizing state and federal new markets tax credit financing exceeding $100 million in total transaction size.
  • Represents real estate private equity fund in connection with joint venture investments in multi-family real estate projects around the country.
  • Represents the developer on the financing of the $90 million rehabilitation of the historic John Hartness Brown building in Cleveland, 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.
  • Represents the developer on the financing of the $60 million rehabilitation of a portion of the historic Dayton Arcade in Dayton, Ohio, utilizing state and federal historic tax credits, new markets tax credits, Property Assessed Clean Energy (PACE) financing and various private and government sponsored loans, grants and other economic development incentives.
  • Represented the project developer and operating company in financing the construction and startup operations of a $200 million silicon metal 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.
  • Represented a developer in connection with the acquisition and rehabilitation of an affordable housing complex in Cleveland, Ohio 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.
  • Represented multiple private equity sponsors in a number of platform and add-on acquisitions and dispositions ranging in size from $10 million to over $1 billion.
  • Represented a national media organization disposing the final piece of its radio business through an asset sale.
  • Represented a software company in a strategic stock acquisition and the post-acquisition consolidation of a complementary international software business.

Recognitions and Memberships

Recognitions

  • Chambers USA: Banking & Finance in Ohio (2020)
    • Associates to Watch (2020)
  • The Best Lawyers in America© (2021)
    • “Ones to Watch” Ohio: Corporate Governance and Compliance Law
    • “Ones to Watch” Ohio: Mergers and Acquisitions Law

Memberships

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

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