Kelly A. Schell

Of Counsel Debt Finance

Chicago +1 312 862 2433

Kelly A. Schell

Overview

Kelly Schell is of counsel in the Structured Finance & Structured Private Credit Practice Group in Kirkland’s Chicago office. She has experience representing issuers, underwriters, initial purchasers and conduit sponsors in a variety of securitization and principal finance matters.

  • Auto lenders in public offerings of asset-backed notes backed by pools of retail auto loans, auto leases and dealer floorplan loans.
  • Asset-backed commercial paper conduits in financings of pools of equipment leases, trade receivables, and auto loans.
  • A retailer in a private label credit card receivables securitization and subsequent monetization of retained subordinated interests in a master trust through the issuance of trust certificate backed notes.
  • United Airlines in restructuring in Chapter 11 bankruptcy more than $10 billion in leases, secured financings and EETC transactions, including sales of surplus aircraft.
  • Navistar Financial Corporation in numerous offerings of notes and certificates backed by retail truck loans and dealer floorplan loans.
  • A national bank in the establishment of a titling trust.
  • Lenders in warehouse facilities secured by residual interests in trusts and other assets.
  • The initial purchaser in dozens of Rule 144A offerings of asset-backed notes secured by subprime auto loans.
  • First Security Bank in offerings of more than $5 billion of securities.
  • Sellers in whole loan sales and forward flow arrangements.
  • A paper company in the establishment of a trade receivables financing facility.

Additionally, Kelly has represented clients in connection with acquisitions, investments and initial public offerings.

More

Thought Leadership

Publications

“Risk Retention Reverberations: How Far Do the Effects of the LSTA Case Extend?” Kirkland & Ellis LLP Alert (May 2018)

“ABS Regulatory Lotto: The Numbers Game,” Kirkland & Ellis LLP (October 14, 2011)

"Much Ado About Nothing" regarding Section 939B of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Kirkland & Ellis LLP Alert (October 2010)

“Disclosure: 10 Key Requirements in the SEC’s ABS Release,” Kirkland & Ellis LLP Alert (June 18, 2004)

“The Big Picture: 10 Key Concepts in the SEC’s ABS Release,” Kirkland & Ellis LLP Alert (May 2004)

Recognition

Press Mentions

Kelly was mentioned in the article "Big Suits: UAL Bankruptcy" for her role in UAL Corp.'s bankruptcy filing.

Credentials

Admissions & Qualifications

  • 1995Illinois

Education

  • The John Marshall Law SchoolJ.D.cum laude1995

    Recipient of the Dean's Academic Scholarship

    Staff Editor, The John Marshall Law Review

  • DePaul UniversityB.S.1990
    Recipient of the Arthur Schmidt Academic Scholarship