Maegan Quejada

MAEGAN QUEJADA focuses her practice on energy and bankruptcy matters.

Chambers USA has recognized Maegan as an “Associate to Watch” for Bankruptcy/Restructuring in Texas (2025). Maegan has been awarded the distinction as a “Rising Star” by Super Lawyers in Bankruptcy (2025).

Prior to joining Sidley, Maegan was a clerk for Judge Tony M. Davis of the U.S. Bankruptcy Court, Western District of Texas. Maegan earned her J.D., cum laude, from The University of Texas School of Law.

While attending law school, Maegan was research assistant to Professor Jay L. Westbrook, managing editor—business for the Texas International Law Journal, member of the Interscholastic Mock Trial team, and an intern for District Court Judge Lee Yeakel III and Bankruptcy Court Judge Tony M. Davis, both from the Western District of Texas. She was inducted into The Order of Barristers in 2017.

Maegan graduated summa cum laude, with a B.S. in communication studies with a focus in corporate communication from The University of Texas at Austin.

Restructuring Experience

• Global Clean Energy Holdings, Inc.—Represents Vitol Americas Corp. (“Vitol”), as administrative agent and collateral agent under a Prepetition Revolving Credit Facility and a DIP Revolving Credit Facility and as provider of feedstock and purchaser of refined product to Global Clean Energy Holdings, Inc. (the “Debtors”) under a supply and offtake agreement, in their Chapter 11 cases, filed on April 16, 2025, in the U.S. Bankruptcy Court for the Southern District of Texas. The debtors seek to restructure approximately $39.1 million of loans under Vitol’s revolving credit facility and approximately US$1.1 billion in secured term loans and resolve disputes with contractor CTCI, as holder of approximately US$1 billion of mechanic's liens, over construction of the debtors’ Bakersfield, CA facility. The debtors' proposed plan is supported by CTCI, Vitol, and an ad hoc group holding 96% of the debtors’ term loans.
• Plenty Unlimited Texas LLC—Represents Plenty and certain affiliates in its Chapter 11 cases filed on March 23, 2025, in the U.S. Bankruptcy Court for the Southern District of Texas. Plenty, an innovative agricultural technology company with a unique indoor vertical farming platform, filed a prearranged Chapter 11 plan to restructure its liabilities, streamline operations, and focus its go-forward operations.
• Independence Contract Drilling, Inc.—Represented Independence Contract Drilling, Inc. (“ICD”) in its Chapter 11 pre-packaged restructuring process, lending to ICD successfully emerging as a private company that is financially and operationally stronger and well-positioned for the future. The U.S. Bankruptcy Court for the Southern District of Texas confirmed ICD’s Plan of Reorganization in January 2025, only one month after the initiation of the Chapter 11 proceedings. As a result of the process, ICD eliminated US$200 million of secured debt, significantly improved its working capital position, and exit financing available to support ICD’s strategic and operational plans.
• OYA Renewables Development LLC—Represented OYA Renewables and seven affiliates (collectively, “OYA”) in their Chapter 11 cases pending in front of the U.S. Bankruptcy Court for the District of Delaware. OYA developed large-scale commercial solar projects. The Court has approved the sale of substantially all of OYA’s assets under Bankruptcy Code Section 363.
• Conn’s Inc.—Counsel to Conn’s Inc. and its affiliates, an iconic American appliance and furniture retailer throughout 16 states, in their Chapter 11 proceedings pending in the U. S. Bankruptcy Court for the Southern District of Texas. As part of its restructuring, Conn’s was authorized to conduct store closing sales of approximately 550 retail stores, using proceeds to fund operations and repay its DIP financing.
• Vertex Energy, Inc.—Represented an ad hoc group of secured lenders in Vertex Energy, Inc., et al., a leading energy transition company and marketer of high-quality refined products in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. Secured a restructuring support agreement for the ad hoc group of prepetition lenders, which provided debtor-in-possession (DIP) financing consisting of US$80 million in new money plus US$200 million roll-up financing.
• BowFlex Inc.—Represented BowFlex Inc., a global marketer, developer, and manufacturer of health and fitness equipment that was sold under several canopy fitness brands, including BowFlex, Nautilus, Schwinn and JRNY. Successfully obtained court approval and confirmation of their Chapter 11 liquidation plan in the U.S. Bankruptcy Court for the District of New Jersey. The confirmation of BowFlex’s Chapter 11 plan followed a US$37.5m sale of substantially all of their assets.
• AES-PR—Represented AES-PR in the out-of-court consensual restructuring of its capital structure by exchanging a portion of its municipal bond debt for new bonds and converting the remainder to passive preferred equity in a Dutch parent, as well as securing a significant liquidity infusion from its ad hoc group debtholders. Through negotiations and hearings that involved multiple regulatory agencies (including PREPA, AFICA, PREB, and the Financial Oversight & Management Board for Puerto Rico) AES-PR maintained full ownership of the enterprise with a deleveraged capital structure, raised its future revenues with the Commonwealth of Puerto Rico, and ensured the continued supply of up to 25% of the island’s power for the safety of Puerto Rico’s millions of residents.
• Reverse Mortgage Investment Trust Inc. (“RMIT”)—Represented RMIT and certain of its subsidiaries in their Chapter 11 bankruptcy cases. With over US$1.4 billion in funded debt obligations, RMIT’s Chapter 11 cases were among the largest filed in 2022. As part of the transactions approved by the Bankruptcy Court, the Company’s sponsor and the official committee of unsecured creditors agreed to a novel settlement whereby in exchange for an additional US$15 million in DIP financing and the waiver of recovery as to certain claims, the sponsor and the Company’s directors and officers received broad mutual releases from the estate. The Company’s fully consensual Chapter 11 plan was confirmed (Del.).
• American Entertainment Properties Corp. (“AEP”)—Represented AEP, an Icahn Enterprises, L.P. subsidiary in the Chapter 11 cases of AEP’s affiliate, Auto Plus, which included a DIP financing. Secured a global settlement between AEP, the debtors, and the UCC resulting in the resolution of numerous claims against various insiders of the debtors, including AEP, in its capacities as prepetition and debtor-in-possession lender to Auto Plus, Pep Boys, and other Icahn-owned entities. The settlement was approved ahead of a Chapter 11 plan, and it allowed AEP’s prepetition debt of US$190 million to be “rolled up” into the AEP funded DIP loan of up to US$75 million in new money (with only US$17 million drawn), as well as granting AEP an unfettered right to “credit bid” its DIP and prepetition debt amounts. Further, the DIP financing and the settlement created a path for the confirmation of a Chapter 11 plan in Auto Plus’ Chapter 11 cases (Bankr. S.D. Tex.).
• Pareteum—Represented the official committee of unsecured creditors in the Chapter 11 bankruptcy cases of Pareteum Corporation and its affiliates (Bankr. S.D.N.Y.).
• Ursa Piceance Holdings—Represents Colorado-based oil and gas exploration and production company and certain subsidiaries in Delaware in their bankruptcy court proceedings, wherein they have successfully confirmed their Chapter 11 plan on a cramdown basis (such plan being a dual-track reorganization involving debt equitization or post-sale liquidation), consummated a 363 sale, negotiated midstream deal terms (Del.).
• Chesapeake Energy—Represented RBL Agent, DIP Agent, and Exit Agent in over US$5 billion of total credit facilities in Chapter 11 proceedings, efficaciously completing a court-approved reorganization business plan of debt equitization for the Oklahoma City-based company (Bankr. S.D. Tex.).
• Legacy Reserves Inc.—Represented oil and gas exploration and production company and certain of its subsidiaries in Chapter 11 bankruptcy proceedings, successfully completing the financial restructuring of Legacy’s US$1.4 billion of funded debt and implementation of their confirmed plan of reorganization (Bankr. S.D. Tex.).
• Echo Energy—Represented operations and personnel affiliates of non-op Echo Energy with terms for pay-down of intercompany balances and deal for notes guarantee claims (Bankr. S.D. Tex.).
• Mattress Firm, Inc.—Represented Mattress Firm, Inc., the nation’s largest specialty mattress retailer and its affiliates in successfully emerging from Chapter 11 and in eliminating over US$3 billion of debt (Del.).
• Experience representing Delaware entities in their out-of-court wind-down process.

Energy Transactional Experience

• Represented JERA Americas in its US$2.5 billion purchase of 25.7% interest in Freeport LNG.
• Represented WhiteWater Midstream in the acquisition of Sendero Midstream Partners LP’s Gateway Pipeline, a 24-inch interstate natural gas pipeline connected to WhiteWater’s Agua Blanca pipeline system in the Delaware Basin.
• Represented TC Energy Corporation in an agreement with Hyzon Motors Inc., a leading supplier of hydrogen-powered fuel cell electric vehicles, to collaborate on the development, construction, operation, and ownership of hydrogen production facilities (hubs) across North America.

• State Bar of Texas, Bankruptcy Section
  • Bankruptcy Law Section Council, Vice President – Communications & Publications
• Vice Chair of the ABA Business Transactions Subcommittee
• State Bar of Texas, Bankruptcy Law and Oil, Gas and Energy Resources Law