Angela M. Libby
  1. Partner

Ms. Libby is a partner in Davis Polk’s Corporate Department in New York, practicing in the Restructuring Group. She advises debtors, creditors, banks, hedge funds, lenders, asset purchasers and other strategic parties in a wide range of corporate restructuring matters, including pre-packaged and traditional bankruptcies, out-of-court workouts, debtor-in-possession and exit financing transactions, asset sales, bankruptcy litigation, cross-border insolvencies and liability management transactions.

Work Highlights

  • Ad hoc group of GenOn Energy Inc. noteholders in connection with GenOn’s chapter 11 restructuring and M&A process
  • Representing Merrill Lynch Commodities in connection with negotiating amendments and superpriority liens related to its derivative exposure in the ExGen Texas Power, LLC. chapter 11 restructuring
  • Counsel to the loan agent, working with a steering committee of lenders, in connection with a restructuring of Harvey Gulf International Marine
  • The agent and arranger in connection with an $800 million debtor-in-possession financing and agent for the approximately $2.8 billion pre-petition first lien credit facility in connection with Peabody Energy Corp.’s chapter 11 proceedings
  • The agent for Pacific Exploration & Production Corp.’s $1 billion revolver in connection with Pacific’s restructuring, which included a Canadian Companies' Creditors Arrangement Act (“CCAA”) case and a Chapter 15 case
  • The agent for the senior term lenders in the successful prepackaged bankruptcy of Key Energy Services
  • The secured creditors of JW Aluminum in a comprehensive out of court restructuring, in which the exchanging creditors received new term loans of approximately $136.5 million along with new preferred stock with an initial liquidation preference of approximately $138 million, convertible into 95% of reorganized JW Aluminum’s common stock, and 60% of the pre-conversion common stock of the reorganized company
  • The Ad Hoc Group of Bondholders of Puerto Rico’s Government Development Bank in connection with Puerto Rico’s ongoing restructuring efforts
  • Numerous hedge funds with respect to their investments in Caesars Entertainment, iHeart Communications, and other complex distressed companies
  • The note purchasers, exchanging noteholders and lenders in connection with a $400 million debt out-of-court recapitalization and subsequent chapter 11 proceedings of Venoco, Inc.
  • Investors in connection with bonds secured by Schahin II Finance Company (SPV) Limited and secured by the Sertão vessel
  • Patriot Coal and its affiliates in connection with their chapter 11 cases
  • Pinnacle Airlines and its affiliates in connection with their chapter 11 cases


Ms. Libby has been recognized for her work in the legal industry:

  • IFLR – US Rising Star Award  (one of only three nationwide) | 2019
  • American Bankruptcy Institute – 40 Under 40 Emerging Leader in Insolvency Award | 2019
  • Global Restructuring Review – Women in Restructuring | 2019
  • Turnarounds & Workouts – Outstanding Young Restructuring Lawyer | 2020

Professional History

  • Partner, 2019-present
  • Associate, 2011-2019

Practice Focus

Bar Admissions

  • State of New York
  • U.S. District Court, E.D. New York
  • U.S. District Court, S.D. New York


  • A.B., History and Religion, Dartmouth College, 2008
  • J.D., New York University School of Law, 2011
    • AnBryce Scholar