Chenavari double debt tranche CLO warehouse reduces up-front cash call

By Tanvi Gupta

Chenavari Investment Managers used a novel approach to warehousing its last European CLO, according to market sources. The firm priced Toro European CLO 6 on 12 July via Morgan Stanley, with sources indicating that the warehouse facility behind the deal had two debt tranches. 

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TAGS: Europe CLO Morgan Stanley Chenavari Primary market