Marc R. Weintraub

Experience

Negotiated and drafted a joint venture related to greenfield development of a new brick-and mortar casino in Bristol, Virginia, pursuant to the state’s new gaming statute.

Led a legal effort to successfully foreclose on an abandoned coal mine due to environmental obligations and redevelop the land for large-scale commercial agriculture purposes.

Represented first lien lenders and affiliates in acquiring coaling mining assets in both Illinois and Indiana following Chapter 11 bankruptcy proceedings.

Represented a communications provider in securing a combination of federal and state financing and grants, as well as private funding, to develop large-scale fiber optics networks in West Virginia.

Negotiated a forbearance agreement between the client and a West Virginia coal producer to restructure debt the producer owes to the client and on which it had defaulted.

Negotiated and documented the refinancing of a $40 million mortgage-backed debt allowing the borrower to replace expensive combined debt and equity financing with pure, traditional secured debt at a materially reduced interest rate.

Represented the lessee in the negotiation and documentation of leases covering coal-mining equipment to be used in Canada with the financing arm of a major equipment manufacturer in the aggregate amount of $65 million.

Redocumented a $500 million credit facility designed to provide development and operating funds to a leading coal-mine operator in Canada materially improving the terms for the lender.

Represented the statutory committee of unsecured creditors in the bankruptcy of the Timberline Ski Resort with a laser focus on selling the resort to an experienced, well-capitalized operator allowing the reemployment of local workers at the shuttered resort.

Handled sale of a distressed automotive dealership resulting in the payment in full of all first lien secured creditors and the full funding and standard termination of our client’s previously underfunded employee pension plan.

Structured and documented an equity investment in a medical device development company allowing for the further development and commercialization of patented medical technology; also restructured employee and founder compensation.

Provided strategic counsel to a hearing aid conglomerate in selling a 49% interest of its hearing aid distribution business to a major manufacturer of hearing aids based in Europe; transaction resulted in the formation of a joint venture agreement with the European manufacturer and receipt by clients of cash payments in excess of $2 million and the possibility for the client to sell their remaining interest at multiples of the original valuation.

Structured and documented the sale of majority ownership of a closely held family company as part of a complex estate plan.

Represented and served as lead negotiator for the Chinese owner of an industrial manufacturing company in the workout and restructuring of over $25 million in debt.

Negotiated and documented the sale of a Midwestern industrial manufacturing company while avoiding and obtaining indemnification for material but unknown environmental obligations; developed the sale strategy with the head of the family office owner and their general counsel then executed the plan.

Served as purchaser's counsel in the acquisition of oil and gas interests and related royalty streams for hundreds of wells located in Pennsylvania; coordinated all due diligence and drafted all documentation and drove the matter to a closing.

News

Publications

"Almost Heaven: West Virginia Enters the Private Trust Company Fray," Tax Notes State, September 2024

"CTA Ruling Poses Uncertain Future for States With Similar Laws," Bloomberg Law, March 2024