SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 28, 2011
PRIMUS GUARANTY, LTD.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: 441-296-0519
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Item 8.01. Other Events.
On October 28, 2011, Primus Guaranty, Ltd. (the Registrant) issued a press release announcing 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 Registrant 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. The foregoing description is qualified in its entirety by reference to the Press Release dated October 28, 2011, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 28, 2011
Index to Exhibits