Primo Brands finalizes exchange offer, cancels ~$16.4M notes and issues new secured/unsecured debt

Primo Brands Corp

Final settlement on Feb 28: €2.64M Primo 2028, $120K Primo 2029, and $13.688M BlueTriton 2029 notes cancelled.
Combined with early settlement, new notes outstanding: €441.877M (3.875% secured 2028), $746.451M (4.375% secured 2029), and $712.76M (6.25% unsecured 2029).
New secured notes are senior secured, guaranteed by Primo Brands and domestic subs, secured by first lien on assets pari passu with credit agreement.
Tendered notes represented 98.19%, 99.53%, and 99.96% of each series; remaining outstanding amounts minimal.
New unsecured notes carry 6.25% coupon, due 2029, with guarantees from same guarantor group.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.