04:14 AM EDT, 03/11/2025 (MT Newswires) -- Primo Brands ( PRMB ) said late Monday a secondary public offering of 45 million shares of class A common stock was priced at $29.50 per share.
Primo Brands ( PRMB ) said it will purchase 4 million shares from the underwriters.
The offering is expected to close Wednesday, with the selling stockholder, an affiliate of One Rock Capital Partners, receiving all the net proceeds.
A 30-day option has been granted to the underwriters to purchase up to about 6.8 million additional shares.