ARLO VII repurchases $1.36 million of credit-linked notes on May 1

By Tali David

Minneapolis, May 1 - ARLO VII Ltd. repurchased and canceled $1.36 million of its series 2007-CSTON-7A-2 secured limited recourse credit-linked notes due 2014 on May 1, according to a filing with the London Stock Exchange.

Following this repurchase, the remaining amount is $11.44 million.

The company issued $75 million of the notes. It repurchased and canceled $25 million on Jan. 5, 2010, $3.31 million on July 23, 2010, $4 million on Sept. 28, 2010 and $29.89 million on March 30.

ARLO VII is based in Grand Cayman, Cayman Islands.

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