Penelope Jensen

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 proceedings and out-of-court restructurings. Penelope has also represented numerous successful bidders in connection with sale processes under Section 363 of the US Bankruptcy Code.

Chambers and Legal 500 have noted that she “has a superior knowledge base of U.S. bankruptcy law issues and seamlessly leads teams across several jurisdictions to deliver high quality work”, “is very smart and commercial”, “is extremely good at communicating”, “gets to know each individual extremely well and draws on information collected to advance her clients position”, “is an extremely effective bankruptcy and restructuring counsel” and has a “strong profile on Chapter 11 proceedings and out-of-court restructurings across a variety of industries”.

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.: advising the Company and the foreign representative on its restructuring, including the chapter 15 cases.
• Venator Materials plc: representing Barclays Bank plc as ancillary facility lender in the chapter 15 cases.
• GenesisCare: advising certain hedge counterparties and prepetition lenders in the chapter 11 cases.
• McDermott International, Inc.: advising Crédit Agricole CIB, as revolving/LC agent and collateral agent under the prepetition, DIP, and exit credit facilities, on 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: advising 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 on the chapter 15 cases.

• Legal 500: Recommended Lawyers in Restructuring (2024)
• Lawdragon: “500 Leading U.S. Bankruptcy and Restructuring Lawyers” (2024)
• The Deal: “Top Women in Dealmaking” (2023)
• Chambers USA: America’s Leading Lawyers for Business, “Up and Coming: Bankruptcy/Restructuring, New York” (since 2022)
• Euromoney's Banking, Finance and Transactional Expert Guide (2022)
• IFLR1000: “Rising Star”

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