Primo Brands records stock buyback, major secondary sale
Primo Brands Corporation entered into a Stock Purchase Agreement with an affiliate of One Rock Capital Partners to repurchase 410,340 shares of its Class A common stock.
Rhea-AI Filing Summary
Primo Brands Corporation entered into a Stock Purchase Agreement with an affiliate of One Rock Capital Partners to repurchase 410,340 shares of its Class A common stock. The repurchase price per share equaled the price paid by the underwriter in a concurrent secondary offering, and the transaction closed on August 7, 2026. The repurchased shares are no longer outstanding.
Separately, under an Underwriting Agreement dated August 6, 2026, the same stockholder completed an underwritten secondary offering of 20,000,000 shares of Class A common stock through Morgan Stanley & Co. LLC as underwriter, generating $487.4 million in gross proceeds for the selling stockholder. Primo Brands did not sell any shares and did not receive any of the offering proceeds. The offering was conducted under an effective shelf registration via a prospectus supplement.
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8-K Event Classification
Key Figures
Key Terms
secondary offering financial
Underwriting Agreement financial
prospectus supplement regulatory
shelf registration statement regulatory
Stock Purchase Agreement financial
FAQ
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What was the size of the secondary offering disclosed by Primo Brands (PRMB)?
How much money did the selling stockholder receive in the Primo Brands (PRMB) secondary offering?
Who underwrote the Primo Brands (PRMB) secondary offering and under what agreement?
Under what registration did Primo Brands (PRMB) conduct the secondary offering?
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