Primus Guaranty gets board OK to buy back more 7% senior notes, stock

By Susanna Moon

Chicago, Oct. 28 - Primus Guaranty, Ltd. said its board of directors approved a $25 million increase in buybacks of its 7% senior notes due 2036 and its common shares.

The company may buy back the notes or shares from time to time in the open market or in privately negotiated transactions, according to a press release.

Primus Guaranty is a Hamilton, Bermuda-based manager of corporate credit assets and provider of credit protection.

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