Primo Brands shareholder affiliate of One Rock plans secondary offering of 20,000,000 Class A shares
PRMB•Secondary offering and concurrent repurchase
Primo Brands disclosed an underwritten secondary offering of 20,000,000 shares of Class A common stock by an affiliate of One Rock Capital Partners.
- The selling stockholder will receive all net proceeds; no shares are being sold by the company.
- Morgan Stanley is acting as underwriter for the offering.
- Primo Brands agreed to repurchase USD 10 million of Class A shares in a concurrent private transaction priced at the public deal price less underwriting discounts.
- Repurchased shares will be retired; the buyback is conditioned on completion of the offering.
