Glenn G. Kunkes

GLENN KUNKES advises financial institutions and asset managers on a wide range of structured finance transactions and asset classes. Drawing on extensive experience involving billions of dollars in financings, he regularly represents asset managers in broadly syndicated collateralized loan obligation (CLO) transactions and counsels U.S. and international financial institutions on bank-funded CLOs and related ABL facilities, including infrastructure CLO warehouse facilities and “hybrid” facilities which include an ABL component and either a subscription line component or a NAV component. Glenn also works with underwriters, sponsors, insurance companies, and other finance companies on warehouse facilities and securitizations across a variety of consumer asset classes, including consumer loans, buy now, pay later (BNPL) products, student loans (both Federal Family Education Loan Program (FFELP) and private), and solar loans.

In recognition of his accomplishments in the banking sector, Glenn was named a 2026 “Rising Star” in Banking by Law360.

Representative Matters:

• International bank serving as lender to finance the acquisition by an alternative investment manager of a pool of data center loans and other digital infrastructure assets.
• International financial institution serving as lender in a “hybrid” facility which includes an ABL component and a subscription line component.
• International bank serving as lender to finance the acquisition of loans related to pre-IPO tech-
  “unicorn” companies.
• Asset manager affiliated with an international bank in establishing a CLO asset management program including negotiating the initial engagement letter, the initial warehouse credit agreement, and the initial take-out CLO.
• International bank serving as underwriter on the launch of a leading fintech sponsor’s first securitization program for interest-bearing and non-interest-bearing BNPL loans. Glenn has represented the underwriters in over 20 ABS issuances with this sponsor since the initial securitization.
• International bank serving as underwriter on the launch of a fintech sponsor’s first securitization program for BNPL loans related to elective medical procedures and which included a revolving period.
• A syndicate of international banks in establishing a master trust for a fintech sponsor that permitted the issuance of ABS securities and VFNs.
• A syndicate of international banks serving as lenders in providing financing for the acquisition of Discover’s US$10.13 billion student loan portfolio and as underwriters on the securitization program for such student loan portfolio.
• A syndicate of international banks serving as lenders in providing financing for the acquisition of approximately US$4.5 billion of Truist Bank’s student loan portfolio and as underwriter on a series of securitizations based off of such collateral.
• A syndicate of international banks serving as lenders in providing financing for a global investment firm to acquire a US$2.25 billion pool of student loans with subsequent acquisitions contemplated over a three-year period.
• International bank acting as co-sponsor and lead underwriter in a securitization of unsecured consumer loans sourced from multiple loan contributors. Glenn has represented the underwriters in over 20 ABS issuances with this sponsor[1].
• International financial institution acting as lender in providing a warehouse for the inaugural unsecured consumer loan program for a student loan originator.
• International bank in its role as underwriter on a private student loan securitization comprising both in-school loans — including loans with multiple disbursements — and refinanced student loans.
• U.S. asset manager on a broadly syndicated CLO structured with a third-party originator structure to comply with EU and UK risk retention requirements.
• U.S. asset manager in addressing notice and consent issues related to existing CLO program arising out of regulatory change of control caused by acquisition of such asset manager.
• A syndicate of international banks acting as lenders on an ABL facility established to finance the acquisition of middle-market commercial loans for a prominent asset manager’s investment program. The facility includes a 13-lender syndicate and aggregate commitments of approximately US$2.045 billion.
• International bank as lender in ABL facilities associates with eight different funds associated with a global investment management firm which includes Canadian, U.S., Cayman, and Luxembourg entities.
• International financial institution serving as lender in a bespoke European private credit facility with a European private markets manager involving Jersey, Luxembourg, and English entities.

The above matters were handled prior to joining Sidley. 

• Structured Finance Association
• Loan Syndications and Trading Association’s (LSTA) Collateralized Loan Obligations (CLOs) Committee