Primo Brands Corporation Announces Pricing of Secondary Offering of 45,000,000 Shares of Class A Common Stock by an Affiliate of One Rock Capital Partners

TAMPA, Fla. and STAMFORD, Conn., March 10, 2025 /PRNewswire/ - Primo Brands Corporation (NYSE: PRMB) ("Primo Brands" or the "Company") today announced the pricing of its previously announced underwritten public offering by one of its stockholders (the "Selling Stockholder"), an affiliate of One Rock Capital Partners, of 45,000,000 shares of the Company's class A common stock, par value $0.01 ("Class A Common Stock"), at a price to the public of $29.50 per share. Additionally, Primo Brands has agreed to purchase 4,000,000 shares of its Class A Common Stock from the underwriters at a per-share purchase price equal to the price payable by the underwriters to the Selling Stockholder in the offering. The Selling Stockholder will receive all of the net proceeds from this offering. No shares are being sold by the Company. The offering is expected to close on March 12, 2025, subject to customary closing conditions. The Selling Stockholder granted the underwriters a 30-day option to purchase up to 6,750,000 additional shares of Class A Common Stock.

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