08:41 AM EDT, 03/10/2025 (MT Newswires) -- Primo Brands ( PRMB ) said Monday that one of its shareholders intends to sell 45 million class A shares in an underwritten secondary offering.

The selling shareholder, an affiliate of One Rock Capital Partners, will receive all net proceeds from the offering, Primo Brands ( PRMB ) said.

The shareholder expects to give underwriters a 30-day option to buy up to 6.75 million additional shares, the company said.

Primo Brands ( PRMB ) said that, subject to the completion of the offering, it intends to repurchase from the underwriters 4 million shares being sold in the offering.