debt
confidence high
sentiment neutral
materiality 0.65
Primo Brands completes exchange of ~99% of three series of senior notes
Primo Brands Corp
- €439.2M (98%) of Existing Primo 2028 Notes tendered early; €8.1M remain outstanding.
- $746.3M (99.5%) of Existing Primo 2029 Notes tendered early; $3.5M remain.
- $699.1M (98%) of Existing BlueTriton Notes tendered early; $0.3M remain.
- Final settlement for late tenders expected Feb 28, 2025; new notes co-issued by Primo and BlueTriton issuers.
- Exchange Consideration: €1,000 new secured euro notes per €1,000 existing, similar for dollar and unsecured tranches.