Primus Guaranty to buy back up to $10 million 7% notes

By Susanna Moon

Chicago, Oct. 8 - Primus Guaranty, Ltd. said its board of directors authorized using up to $10 million of available cash to repurchase its 7% senior notes due 2036.

The company said it will buy back the notes from time to time in the open market or in private deals at prices and upon terms approved by management.

Primus Guaranty is a Bermuda company with principal operating subsidiaries Primus Financial Products, LLC and Primus Asset Management, Inc. based in New York.

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