Penelope Jensen

Partner, New York

“I focus on creditors’ rights and debt restructurings both in and out of court, aiming to provide clear, decisive and commercially focused advice to help clients achieve the best outcome in challenging financial situations.”

Overview

Education and qualifications

Overview

Penelope advises administrative agents, steering committees, individual lenders and other credit providers facing bankruptcy and insolvency-related issues on complex credits of all sizes, with particular expertise in Chapter 11 proceedings and out-of-court restructurings.

Work highlights

Penelope’s recent representative matters include advising: 

  • the administrative agent to the senior secured revolving and term loan lenders to Chicago Bridge & Iron Company NV
  • a major U.S. financial institution in connection with its exposure to an independent servicer and originator of mortgage loans
  • an ad hoc committee of secured and unsecured lenders in connection with the restructuring of a regional food company in South America
  • the administrative agent for the senior secured lender group in the prearranged Chapter 11 case of Memorial Production Partners (now known as Amplify Energy Corp.);
  • the administrative agent for the senior secured lender group in the pre-packaged 36-day Chapter 11 case of Atlas Resource Partners L.P. (now known as Titan Energy, LLC);
  • the administrative agent for the senior secured lender group in the highly litigious Chapter 11 case of Sabine Oil & Gas

Penelope was recently endorsed as a “Leading Lawyer – Rising Star” in the 2019 edition of IFLR1000

Education and qualifications

Penelope studied accounting and finance at Hofstra University and holds a Juris Doctor from St. John’s University School of Law.