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Eric M. Schumann, a shareholder in the Business and Finance Department, concentrates his practice on the representation of lenders in commercial and corporate finance transactions.
This representation has involved various types of credit accommodations, including secured and unsecured loans, term and revolving credit facilities and lease financing. The secured loans have been supported by a wide range of collateral, including real estate interests and tangible and intangible personal property. Eric has documented and reviewed multi-bank credit facilities, including participations and loan syndications. He has also represented lenders in connection with loan facilities under the export-import bank's working capital guarantee program, including large multi-bank facilities.
Eric has also represented lenders in connection with working capital loans and acquisition financing to oil, gas and coal operators and producers, including both the documentation and closing of the loan transactions and the performance and supervision of the due diligence review of leaseholder and other title materials relating to various mineral interests.
In addition, he works with other members of the group in the review and documentation of structured finance facilities, bond transactions, synthetic leases and other off-balance sheet transactions.
Eric has also drafted, reviewed and negotiated mineral leases for clients in connection with Marcellus Shale development.
Pennsylvania, 1990
Association of Commercial Finance Attorneys (Member)
National Association of Bond Lawyers (Member)
Financial Industries Network (Board Member)
Pennsylvania State University, 1987 B.A.
Honors: cum laude
University of Pittsburgh School of Law, Pittsburgh, Pennsylvania, 1990 J.D.
Honors: Order of the Barrister