Kelly A. Schell

Of Counsel Debt Finance

Chicago +1 312 862 2433

Kelly A. Schell

Overview

Kelly Schell is of counsel in Kirkland's Chicago office. She focuses her practice in the area of asset finance and securitization. Kelly has represented 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