Overview
Penelope Jensen is a partner in Linklaters' U.S. Restructuring & Insolvency practice. She advises administrative agents, steering committees, individual lenders and other counterparties facing bankruptcy and insolvency-related issues on complex credits of all sizes, with particular expertise in chapter 11 and chapter 15 proceedings, and out-of-court restructurings. Penelope has also represented successful bidders in connection with distressed asset sales.
Penelope is ranked as a leading lawyer by Chambers. Legal directories have noted that she “is an extremely effective bankruptcy and restructuring counsel”, “interacts well with all stakeholders and values her clients interests, while not losing sight of the bigger picture”, “has a superior knowledge base of U.S. bankruptcy law issues and seamlessly leads teams across several jurisdictions to deliver high quality work”, “is well-versed in the law, and also in business and financial matters”, and “gets to know each individual extremely well and draws on information collected to advance her clients position”.
Work Highlights
Penelope's experience includes:
- McDermott International, Ltd: advising Crédit Agricole CIB on the successful cross-border restructuring implemented through a UK Restructuring Plan, Dutch WHOAs and chapter 15 cases.
- Global Brands Group: advising the secured lenders in the Group’s multi-jurisdictional wind-down, implemented through chapter 11 cases, a UK administration, and other insolvency proceedings in Europe and Asia.
- Lonestar Resources Inc.: advising Citibank as administrative agent and collateral agent to the RBL lenders, on the chapter 11 cases.
- Chisholm Oil and Gas Operating, LLC: advising Citibank as administrative agent and collateral agent to the RBL lenders, on the chapter 11 cases.
- Pride Group Holdings Inc.: representing the foreign representative in the chapter 15 cases.
- Venator Materials plc: representing Barclays Bank plc as ancillary facility lender in the chapter 11 cases.
- GenesisCare: advising certain hedge counterparties and prepetition lenders in the chapter 11 cases.
- McDermott International, Inc.: representing Crédit Agricole CIB, as revolving/LC agent and collateral agent under the prepetition, DIP, and exit credit facilities, in the chapter 11 cases.
- Titan Energy, LLC: advising the administrative agent for the senior secured lender group in the company’s out-of-court restructuring.
- Memorial Production Operating LLC: representing the administrative agent for the senior secured lender group in the prearranged chapter 11 cases.
- Chicago Bridge & Iron Company NV: advising the administrative agent and collateral agent in the out-of-court restructuring, which resulted in a merger with McDermott International, Inc.
- Atlas Resource Partners L.P.: advising the administrative agent for the senior secured lender group in the prepackaged chapter 11 case.
- Sabine Oil & Gas: advising the administrative agent for the senior secured lender group in the highly litigious chapter 11 cases.
- Molino Cañuelas: advising an ad hoc committee of secured and unsecured lenders on the out of-court restructuring of the company.
- Comsale Group Inc.: advising the foreign representative in the chapter 15 cases.
Country Of Admission