{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-025172","form_type":"8-K","ticker":"PRMB","cik":"0002042694","company_name":"Primo Brands Corp","filed_at":"2025-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.854580+00:00","generated_at":"2026-05-26T23:04:44.200733+00:00","sec_items":["1.01","1.02","2.03","3.02","5.01","3.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Primo Brands refinances ~$1.9B debt; One Rock gains 57.5% voting control via Class B conversion","bullets":["Exchanged and cancelled €439M of 3.875% Primo 2028 notes, $746M of 4.375% Primo 2029 notes, and $699M of 6.25% BlueTriton 2029 notes.","Issued new secured notes (3.875% due 2028, 4.375% due 2029) and unsecured notes (6.25% due 2029) plus cash consideration.","Repriced $3.098B term loan to SOFR+2.25%; established new $750M revolver due 2030 with SOFR+1.50% to 2.25% margin.","Supplemental indentures eliminated restrictive covenants on remaining outstanding existing notes and released guarantees.","64.5M Class B shares converted to Class A; One Rock now owns 57.5% of voting stock and controls board with 8 directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-025172","json":"https://secwatch.observer/filing/0001193125-25-025172.json","markdown":"https://secwatch.observer/filing/0001193125-25-025172.md","text":"https://secwatch.observer/filing/0001193125-25-025172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2042694/000119312525025172/0001193125-25-025172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2042694/000119312525025172/d893847d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T23:04:44.200733+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2a63a6644b1e62c6a634e731a145f267cd1bfea2","claim":"Primo Brands Corp incurred senior notes of €439,237,000 aggregate principal amount with holders of Existing Primo 2028 Notes at 3.875% per annum maturing due 2028.","evidence_excerpt":"€439,237,000 aggregate principal amount of their new 3.875% Senior Secured Notes due 2028 (the “New Secured Euro Notes”), and will pay an aggregate of €1,098,092.50 in cash consideration, excluding accrued and unpaid interest, in exchange for the validly tendered and accepted Existing Primo 2028 Notes","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2042694/000119312525025172/0001193125-25-025172-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"€439,237,000 aggregate principal amount"},{"label":"Counterparty","value":"holders of Existing Primo 2028 Notes"},{"label":"Rate","value":"3.875% per annum"},{"label":"Maturity","value":"due 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}