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Primo Brands Corporation Announces Secondary Offering of 47,500,000 Shares of Class A Common Stock by Affiliates of One Rock Capital Partners
Primo Brands Corporation (NYSE: PRMB) ("Primo Brands" or the "Company") today announced that two of its stockholders, who are affiliates of One Rock Capital Partners (the "Selling Stockholders"), intend to offer for sale in an underwritten secondary offering 47,500,000 shares of the Company's Class A common stock, par value $0.01 per share (the "Class A Common Stock"), pursuant to the Company's shelf registration statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC")
About this update from Primo Brands Corporation
[{"type":"text","content":"TAMPA, Fla. and STAMFORD, Conn., May 8, 2025 /CNW/ - Primo Brands Corporation (NYSE: PRMB) ("Primo Brands" or the "Company") today announced that two of its stockholders, who are affiliates of One Rock Capital Partners (the "Selling Stockholders"), intend to offer for sale in an underwritten secondary offering 47,500,000 shares of the Company's Class A common stock, par value $0.01 per share (the "Class A Common Stock"), pursuant to the Company's shelf registration statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC"). The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.","length":735,"tagName":"p"},{"type":"image","alt":"Primo Brands Corporation Logo (CNW Group/Primo Brands Corporation)","displaySize":"","headline":null,"caption":"Primo Brands Corporation Logo (CNW Group/Primo Brands Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":315,"height":400,"url":"https://media.zenfs.com/en/cnwgroup.com/5761af53a314ee0147a534e8ab12351d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QbPElT8qmNBOEjd9kf4khA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTUzMztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/5761af53a314ee0147a534e8ab12351d","width":315,"height":400}},"href":"https://mma.prnewswire.com/media/2682991/Primo_Brands_Corporation_Primo_Brands_Corporation_Announces_Seco.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"BofA Securities, Inc. and Morgan Stanley are serving as the underwriters for the proposed offering. The underwriters propose to offer the shares from time to time for sale in one or more transactions on the NYSE, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.","length":409,"tagName":"p"},{"type":"text","content":"In addition, we have entered into a stock purchase agreement with the Selling Stockholders, to repurchase $100 million of shares of our Class A Common Stock in a private transaction at the price at which the shares are sold to the public less the underwriting discounts and commissions (the "Share Repurchase"). The closing of the Share Repurchas...