Primus Guaranty (PRS) Raises Buyback Plan by $25 Million
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Primus Guaranty, Ltd. (NYSE: PRS) announced today that its Board of Directors has approved an increase of $25 million in its buyback authorization to repurchase outstanding common shares and 7% Senior Notes due 2036 (“Senior Notes”) from time to time in the open market or in privately negotiated transactions at prices and upon terms approved by management. The authorization does not obligate the Company to acquire any specific number of common shares or Senior Notes in any period, and may be modified, suspended or discontinued at any time without notice.
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