Primo Brands $1.5 billion secondary offering
The shares are listed on the New York Stock Exchange
Davis Polk advised the underwriters in connection with the $1.5 billion SEC-registered secondary offering of 47,500,000 shares of Class A common stock of Primo Brands Corporation by affiliates of One Rock Capital Partners, LLC. Primo Brands repurchased 3,157,562 shares from the selling stockholders in the offering. The Class A common stock is listed on the New York Stock Exchange under the symbol “PRMB.”
Primo Brands is a leading branded beverage company focused on delivering healthy hydration solutions to millions of customers and consumers. It has an extensive portfolio of highly recognizable, responsibly sourced and conveniently packaged branded beverages distributed across more than 200,000 retail outlets, including brands such as Poland Spring and Pure Life, premium brands like Saratoga and Mountain Valley, regional leaders such as Arrowhead, Deer Park, Ice Mountain, Ozarka, and Zephyrhills, purified brands including Primo Water and Sparkletts, and flavored and enhanced brands like AC+ION and Splash Refresher. Primo Brands became a publicly traded company in November 2024 as a result of the merger of Primo Water Corporation and an affiliate of BlueTriton Brands, Inc.
The Davis Polk capital markets team included partners Michael Kaplan and Derek Dostal, counsel Joseph S. Payne and associates Marcos Sauquet Trias and Kristiana J. Olson. Counsel Tracy L. Matlock and associate Valentin Van de Walle provided tax advice. The environmental team included counsel Michael Comstock and associate Shefain Islam. The intellectual property team included partner Pritesh P. Shah and associate Joshua Shirley. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.