UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 11, 2010
PRIMUS GUARANTY, LTD.
(Exact name of registrant as specified in its charter)
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| Bermuda
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001-32307
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98-0402357 |
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.) |
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Clarendon House
2 Church Street
Hamilton HM 11, Bermuda
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code: 441-296-0519
Not Applicable
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02. Results of Operations and Financial Condition.
(a) On November 11, 2010, Primus Guaranty, Ltd. (the “Registrant”) issued a press release
announcing operating results for the quarter ended September 30, 2010 as well as posted a letter to
shareholders discussing the Registrant’s performance, key strategic developments and other issues.
A copy of the press release is furnished as Exhibit 99.1 and a copy of the shareholder letter is
furnished as Exhibit 99.2 to this Current Report. These exhibits shall not be deemed to be “filed”
for purposes of Section 18 of the U.S. Securities Exchange Act of 1934, as amended, and shall not
be incorporated by reference in any filing by the Registrant under the U.S. Securities Act of 1933,
as amended.
Statements in the press release and the letter referred to above that are not historical facts are
forward-looking and based on management’s projections, assumptions and estimates; actual results
may vary materially. Forward-looking statements are subject to certain risks and uncertainties,
which may change over time and which include but are not limited to: fluctuations in the economic,
credit, interest rate or foreign currency environment in the United States and abroad; the level of
activity within the national and international credit and capital markets; the level of activity in
the leveraged loan, leveraged buyout and private equity markets; competitive conditions and pricing
levels; changes in ratings agency requirements or methodology; counterparty limits and risks;
legislative and regulatory developments, including changes in accounting principles; technological
developments; changes in tax laws; changes in national or international political or economic
conditions, including any terrorist attacks; the effects of implementation of new or revised
accounting pronouncements; the successful divestiture of CypressTree Investment Management, LLC and
certain other third-party asset management products, and uncertainties that have not been
identified at this time. Further factors concerning financial risks and results are contained in
the Registrant’s Annual Report on Form 10-K and other reports filed with the U.S. Securities and
Exchange Commission. Such statements identify important risk factors that could cause the
Registrant’s actual results to differ materially from those expressed in any projected, estimated
or forward-looking statements relating to the Registrant.
Consequently, all of the forward-looking statements made in the press release and the letter
referred to above are qualified by these cautionary statements, and there can be no assurance that
the actual results or developments anticipated by the Registrant will be realized or, even if
substantially realized, that they will have the expected consequences to, or effects on, the
Registrant or its business or operations. The Registrant assumes no obligation to, and does not
undertake to, update publicly any such forward-looking statements.
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