Marwa Elborai
Overview
Marwa is a fantastic high-yield lawyer and very well respected by the market.” - Chambers UK, 2025
Marwa Elborai is a capital markets partner in the London office of Kirkland & Ellis International LLP. She is a U.S.-qualified partner with extensive experience in high yield bonds and leveraged finance transactions, advising corporates, private equity, credit funds and financial institution clients across multiple jurisdictions.
Marwa also advises on complex corporate financings with a focus on U.S. federal securities law, project bond financings, general debt and equity capital markets transactions and debt restructurings. In addition, her experience includes liability management exercises including debt tender offers and consent solicitations and general corporate matters.
External Recognition
- Legal 500 (2025): Listed as a “Leading Individual” in High Yield, where she is noted for bringing “vast experience in advising sponsors, corporates, credit funds and financial institutions across multiple jurisdictions.”
- Chambers UK (2025): Ranked in Band 3 for Capital Markets: High-Yield Products with clients stating "Marwa is a fantastic high-yield lawyer and very well respected by the market.”
- The Lawyer (2024): Listed in the “Hot 100” which recognises the most daring, innovative and creative lawyers acting on current and significant matters.
Experience
Representative Matters
Since joining Kirkland, Marwa has advised:
- STADA, a Bain and Cinven portfolio company, in connection with its offering of €650 million senior secured notes and €600 million senior secured floating rate notes
- Grupo Antolin to complete a successful debt refinancing
- Antolin in connection with its offering of €250 million senior secured notes and the amendment and extension of its €515 million senior term and revolving facilities
Prior to joining Kirkland, Marwa advised:
- The debt financing sources on Asda’s acquisition of EG Group UK and Ireland’s operation for an enterprise value of £2.27 billion
- The initial purchasers in connection with Q-Park’s €430 million high yield issuance and concurrent tender offer for Q-Park’s existing 1.5% senior secured notes due 2025
- The initial purchasers in relation to a €1.3 billion (equivalent) high yield issuance by Allwyn, comprising €665 million 7.25% senior secured notes due 2030 and $700 million 7.875% senior secured notes due 2029 issued by Allwyn Entertainment Financing (UK) plc
- The financing sources in connection with the issuance of €50 million sustainability-linked senior secured floating rate notes due 2027 issued under FIS’ existing indenture
- The note purchasers on the establishment of a note purchase and private shelf agreement with John Laing Group Limited (John Laing) and the guarantors thereto, pursuant to which four tranches of Series A Notes were issued on December 14, 2023
- Anglo American on several of its U.S. dollar denominated bond issuances
- Frigoglass SAIC on its bond issuances
- The lenders in connection with the financing in support of CVC Capital Partners’ acquisition of RGI from Corsair
- The bookrunners in connection with David Lloyd's €300 million offering of floating rate senior secured notes and £645 million 5.5% senior secured notes due 2027 by Deuce FinCo plc
- The note purchasers, lenders and various agents and account banks on a tiered refinancing comprising a project financing to Shuaibah Two Water Development Project Company (STPC) and a private placement notes issuance by a DIFC issuer at a different level in the corporate structure
- The lenders on the financing of TDR Capital’s £563 million public-to-private acquisition of Arrow Global, as well as the arrangers on the £1.2 billion bond financing and new £285 million revolving credit facility and inter-creditor agreement
- AlbaCore Capital Group, a European credit manager, as note purchaser in connection with the placement of senior secured PIK toggle notes issued by Centurion Newco S.p.A.
- Interoute Finco in connection with its refinancing of its €350 million fixed rated notes and €275 million term loan facility agreement
- The note purchasers on Stonegate Pub Company Limited’s private placement of $500 million aggregate principal amount of 8% senior secured notes due 2025 by Stonegate Pub Company Financing 2019 plc
- Investment in Atalanta BC involving co-owner of the Boston Celtics and co-chairman of Bain Capital
- The lead arrangers on the financing of the €5.1 billion acquisition by Apax Funds and Warburg Pincus of the entire issued share capital of T-Mobile Netherlands Holding B.V
- The banks on the senior financing in support of the £2.3 billion public-to-private acquisition of Aggreko plc by TDR Capital and I Squared Capital
- The financing sources to a consortium of investors (including Stephen Pagliuca, managing partner and co-owner of the Boston Celtics and co-chairman of Bain Capital, one of the leading investment funds in the world) in relation to their co-investment Atalanta BC, one of the top Serie A clubs based in Bergamo, Italy
- Transportes Aéreos Portugueses, S.A. on its inaugural high yield bond offering of €375 million 5.625% senior notes due 2024
Prior Experience
Allen & Overy
- Partner, 2023–2024
Shearman & Sterling LLP
- Partner, 2016–2022
- Counsel, 2015–2016
- Capital Markets Associate, 2011–2015
- Associate, 2006–2011
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Credentials
Admissions & Qualifications
- 2007New York
Languages
- English
- Arabic
Education
- Columbia Law SchoolJ.D.
- London School of Economics and Political ScienceM.Sc., Business Administration and Management
- London School of Economics and Political ScienceB.S., Business Administration and Management