---
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"
generated_at: "2026-05-26T23:04:44.200733+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Primo Brands refinances ~$1.9B debt; One Rock gains 57.5% voting control via Class B conversion

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 5.01, 3.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-025172
- JSON: https://secwatch.observer/filing/0001193125-25-025172.json
- Plain text: https://secwatch.observer/filing/0001193125-25-025172.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: €439,237,000 aggregate principal amount
  - Counterparty: holders of Existing Primo 2028 Notes
  - Rate: 3.875% per annum
  - Maturity: due 2028
  - Event: incurrence
  source text: €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_url: https://www.sec.gov/Archives/edgar/data/2042694/000119312525025172/0001193125-25-025172-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.