Ana Alfonso is a partner in O’Melveny’s Restructuring Practice. Known best for her work on behalf of secured lenders, Ana has represented agents, bank groups, ad hoc groups, bilateral credit providers, hedge counterparties, and other creditors as parties to financial restructurings, insolvency proceedings, enforcement actions, and litigation. She regularly helps clients formulate risk management strategies throughout the life cycle of their most complex financial transactions, often from the initial drafting stage. Ana has experience across a wide range of industries and has worked extensively on distressed situations arising in the areas of oil and gas, power, renewable energy, commodities trading, insurance, and reinsurance.
Ana serves on the Board of Directors of the New York City Bar Association. From 2020-2023, she served as Chair of the Bankruptcy & Corporate Reorganization Committee of the New York City Bar Association. Ana has served on the Editorial Advisory Board for Law360 in Bankruptcy since 2016. Ana is recognized as a leading bankruptcy practitioner by IFLR 1000, The Legal 500, Lawdragon, and Super Lawyers.
- Secured lender, lender group, and agent representations on behalf of many of the world’s largest financial institutions as creditors in bankruptcy proceedings such as Lincoln Power, Carestream, McDermott International, Southland Royalty, Ursa Piceance, Aegean Bunkering, Fieldwood Energy, Energy XXI, Goodrich Petroleum, Samson Resources, Sabine Energy, Patriot Coal, MF Global, Vertrue, Extended Stay Hotels, FairPoint Communications, SemGroup, LyondellBasell, American Home Mortgage, C-BASS, Lehman Commercial Paper, Enron, Centennial Health, and PG&E National Energy Group
- Secured lender, lender group, and agent representations on behalf of banks and private capital providers in out of court debt restructurings and enforcement proceedings involving borrowers in the areas of oil and gas exploration and production, midstream and gathering services, fossil fuel and renewable power generation, commodities trading, mortgage origination and servicing, telecommunications, marketing, and retail
- Counsel for major financial institutions as hedge providers, letter of credit issuers, treasury management providers, and other specialized banking product providers in numerous bankruptcy proceedings including Talen Energy, McDermott International, LATAM Airlines, Chesapeake Energy, Ditech Financial, Philippine Airlines, Rockdale Marcellus, Gulfport Energy, Extraction, Ultra Petroleum, Just Energy, Nine Point Energy, Jonah Energy, Denbury Resources, EP Energy, McDermott International, Panda Temple II, MF Global, and SemGroup
- Counsel for institutional creditors in state court insurer insolvency proceedings
- Served as part of a multidisciplinary team representing a large financial institution client on distressed renewables projects
Admissions
Bar Admissions
- New York
Court Admissions
- United States District Court, Eastern and Southern Districts of New York
- United States Court of Appeals, Third Circuit
Education
- New York University, J.D., 1997
- Vanderbilt University, B.S., 1994
Honors & Awards
- Recognized by Super Lawyers for Bankruptcy and Creditor Debtor Rights (2013-2024)
- Listed in Lawdragon 500 Leading U.S. Bankruptcy & Restructuring Lawyers (2020, 2022-2024)
- Recommended by The Legal 500 US for Restructuring (including Bankruptcy): Corporate
- Named a Notable Practitioner by IFLR 1000 in Restructuring and Insolvency
Professional Activities
Board Member
- New York City Bar Association, Board of Directors
- Law360’s Editorial Advisory Board for Bankruptcy (2016-2024)
- Bankruptcy & Corporate Reorganization Committee of the New York City Bar Association, Past Chair (2020-2023)
Panelist
- “Cross-Border Financing,” Association of Commercial Finance Attorneys Continuing Legal Education Event (May 2024)
- “Distress in Times of Volatility,” Reorg Research New York Panel Event (June 2023)
- “Turning it Around - Hot Topics in Dealing with Debtors, Preserving Value and Emergence from Bankruptcy, Including Contested Plan Issues,” Bankruptcy & Reorganizations 2021 Practicing Law Institute (May 2021)
- “PLI Bankruptcy & Reorganizations 2019: Current Developments,” Practicing Law Institute (April 2019)
- “Application of U.S. Fed’s QFC Rule on Common Clearing Agreements,” Futures Industry Association Webinar (November 2018)
- “PLI Leveraged Financing 2018: Leveraged Finance Restructuring,” Practicing Law Institute (May 2018)
- “PLI Bankruptcy & Reorganizations 2018: Current Developments,” Practicing Law Institute (April 2018)
- “Case Study: Restructuring and Intercreditor Issues (Recent Issues in E&C and E&P Workouts),” American College of Investment Counsel Spring Conference (April 2018)
- “Recent Evolution of E&P RBL Financing,” Debtwire Podcast (October 2017)
- “Hot Spots in a Cold Bankruptcy World: Energy and Healthcare Restructurings,” 90th Annual National Conference of Bankruptcy Judges (October 2016)
- “Current Issues in the Energy Sector,” American Bankruptcy Institute, 18th Annual New York City Bankruptcy Conference (May 2016)
- “Issues in Media Restructurings,” AIRA 30th Annual Bankruptcy & Restructuring Conference (June 2014)
Co-Author
- “Tackling Distress in the US Healthcare Sector,” Financier Worldwide Magazine (October 2017)
- “E&P Financing: RBLs Trend Toward a New Normal,” Turnaround Management Association (September 2017)
- “Zing VII and the Future of "Bankruptcy-Remote,” Asset Securitization Report (November 2011)
- “Second Circuit Court Of Appeals Holds ‘Gift’ From Secured Creditor To Shareholder Under A Chapter 11 Plan Violates Absolute Priority Rule,” Metropolitan Corporate Counsel (April 2011)
- “Calyon: Mortgage Loan Investors and Safe Harbors,” New York Law Journal (January 31, 2008)
Related Practices
Related Industries