Primo Brands secondary of 47.5M shares ($1.5B) by One Rock affiliates; $100M buyback closed May 12

Primo Brands Corp

Selling stockholders (One Rock affiliates) offered 47.5M shares at $1.5B gross proceeds; company sold no shares.
Company repurchased 3,157,562 shares for $100M at offering price from selling stockholders in concurrent private transaction.
Both offering and share repurchase closed on May 12, 2025; repurchased shares canceled.
BofA Securities and Morgan Stanley acted as underwriters for the secondary offering.

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