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Primo Brands Corporation (NYSE: PRMB) delivers healthy hydration solutions through sustainable practices and innovative packaging. This news hub provides investors and stakeholders with essential updates about the company's financial performance, environmental initiatives, and market developments.
Access official press releases covering quarterly earnings, strategic partnerships, product innovations, and sustainability achievements. Our curated collection enables informed decision-making by tracking PRMB's progress in water stewardship, retail expansion, and circular packaging adoption.
Key updates include financial disclosures, leadership announcements, distribution network growth, and environmental impact reports. Bookmark this page for verified information about PRMB's operational milestones and industry recognition directly from corporate sources.
Primo Brands (NYSE: PRMB) has announced the pricing of a secondary public offering of 45,000,000 shares of Class A common stock by an affiliate of One Rock Capital Partners (the Selling Stockholder) at $29.50 per share. Additionally, Primo Brands will purchase 4,000,000 shares from the underwriters at the same price paid to the Selling Stockholder.
The offering is expected to close on March 12, 2025. The Selling Stockholder has granted underwriters a 30-day option to purchase up to 6,750,000 additional shares. Morgan Stanley and BofA Securities are leading the offering as joint book-running managers, with several other financial institutions participating in various roles.
The Selling Stockholder will receive all net proceeds from the offering, with no shares being sold by the Company directly. The offering will be conducted through a shelf registration statement on Form S-1 that has been declared effective by the SEC.
Primo Brands (NYSE: PRMB) has announced a significant secondary offering where an affiliate of One Rock Capital Partners plans to sell 45,000,000 shares of Class A common stock. The Selling Stockholder will grant underwriters a 30-day option to purchase up to 6,750,000 additional shares.
The offering will be managed by multiple financial institutions, with Morgan Stanley and BofA Securities acting as joint lead book-running managers. Notably, Primo Brands intends to repurchase 4,000,000 shares from the underwriters at the same price paid to the Selling Stockholder, funded through cash on hand.
The company itself is not selling any shares, and all net proceeds will go to the Selling Stockholder. The offering will be conducted through a shelf registration statement on Form S-1 that has been declared effective by the SEC.
Primo Brands (NYSE: PRMB) has announced the final results of its private exchange offers for three series of outstanding senior notes. The exchange offers included:
- €450M of 3.875% Senior Notes due 2028
- $750M of 4.375% Senior Notes due 2029
- $713M of 6.250% Senior Notes due 2029
Following the Early Tender Date (February 7, 2025), additional notes were tendered by the Expiration Date (February 25, 2025): €2.64M of 2028 Notes, $120K of 2029 Notes, and $13.69M of BlueTriton Notes. The final settlement is expected on February 28, 2025. After settlement, remaining outstanding amounts will be: €8.12M of 2028 Notes, $3.55M of 2029 Notes, and $263K of BlueTriton Notes.
Primo Brands (NYSE: PRMB) has announced amendments to its previously announced private exchange offers for three series of outstanding senior notes. The exchange offers include:
- €450,000,000 of 3.875% Senior Notes due 2028 for new 3.875% Senior Secured Notes due 2028 plus cash
- $750,000,000 of 4.375% Senior Notes due 2029 for new 4.375% Senior Secured Notes due 2029 plus cash
- $713,023,000 of 6.250% Senior Notes due 2029 for new 6.250% Senior Notes due 2029 plus cash
The amended terms now offer a 1:1 exchange ratio for notes tendered after February 7, 2025 (Early Tender Date) and before February 25, 2025 (Expiration Date). The final settlement is expected on February 28, 2025. The exchange offers are to eligible institutional investors and are being conducted under Securities Act exemptions.
Primo Brands (NYSE: PRMB) reported strong results for Q4 and full-year 2024. Q4 Combined Net Sales increased 5.5% to $1.609 billion, driven by 4.4% volume gains. Full-year 2024 Combined Net Sales rose 5.4% to $6.810 billion.
The company announced accelerated integration progress, increasing estimated cost synergy targets to $300 million by 2026, with $200 million expected in 2025. Q4 2024 Combined Adjusted EBITDA grew 3.7% to $301.4 million, while full-year Combined Adjusted EBITDA increased 19.5% to $1.353 billion.
The Board declared a quarterly dividend increase to $0.10 per share, payable March 24, 2025. The company reported a Q4 net loss of $153.9 million ($0.49 per diluted share) and a full-year net loss of $12.6 million ($0.05 per diluted share).
Primo Brands (NYSE: PRMB) has announced it will host and webcast an Investor Day on Thursday, February 27, 2025. The event will feature presentations by CEO Robbert Rietbroek and other leadership team members, who will outline the company's long-term growth strategy, outlook, and financial targets.
The presentations are scheduled to run from 1:00 p.m. to after 4:00 p.m. Eastern Time. Investors can access the webcast through the company's Investor Relations website at https://ir.primobrands.com. A replay of the webcast and presentation materials will be made available on the same website after the event.
Primo Brands (NYSE: PRMB) announced early tender results for its exchange offers of three series of outstanding senior notes. The exchange offers achieved high participation rates: 97.61% for €450M 3.875% Senior Notes due 2028, 99.51% for $750M 4.375% Senior Notes due 2029, and 98.04% for $713M 6.250% Senior Notes due 2029.
The company will issue new secured and unsecured notes in exchange for existing notes, plus cash payments of $2.50 or €2.50 per $1,000 or €1,000 principal amount. Early settlement is expected on February 12, 2025. The new notes will be guaranteed by Primo Brands and its material subsidiaries, with secured notes having first-lien security on substantially all assets.
Concurrent with the exchange, Primo Brands will execute credit facilities transactions, including terminating existing revolving credit facilities and entering an amended credit agreement with a new $750M revolving credit facility maturing in February 2030.
Primo Brands (NYSE: PRMB) has scheduled its fourth quarter 2024 earnings release and conference call. The company will release financial results for the quarter ended December 31, 2024, before markets open on Thursday, February 20, 2025.
A conference call and simultaneous webcast will be held at 10:00 a.m. Eastern Time on the same day, featuring a management presentation followed by a question-and-answer session. The event will be accessible via North America dial-in (888-510-2154), International dial-in (437-900-0527), and through a live webcast on the company's investor relations website. The webcast will be recorded and archived for later playback.
Primo Brands (NYSE: PRMB) has announced private exchange offers for three series of outstanding senior notes. The offers include exchanging €450 million of 3.875% Senior Notes due 2028, $750 million of 4.375% Senior Notes due 2029, and $713 million of 6.250% Senior Notes due 2029 for new secured and unsecured notes plus cash.
Holders who tender their notes by February 7, 2025 (Early Tender Date) will receive the full principal amount in new notes plus $2.50 cash per $1,000. Those who tender after the Early Tender Date but before February 25, 2025 (Expiration Date) will receive 970 in principal amount of new notes per 1,000.
The exchange offers are subject to conditions including minimum issuance requirements, consent solicitations, and credit facilities transactions. The company plans to amend its credit agreement to include repricing of existing term loan facility and a new $750 million revolving credit facility maturing in February 2030.
Primo Brands (NYSE: PRMB) announced that Pantone® has officially designated the cobalt blue of Saratoga® Spring Water bottles as Saratoga® Signature Blue: Color 286 C. The designation is being celebrated at Design Miami with an immersive experience featuring Michelin-Starred chef Curtis Stone and TV personality Kathy Hilton. The brand is launching the Saratoga Supper Club experience, which will be available to the public starting December 4 in Miami, with subsequent seatings in select cities through January 2025.
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