Welcome to our dedicated page for Primo Brands Corporation news (Ticker: PRMB), a resource for investors and traders seeking the latest updates and insights on Primo Brands Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Primo Brands Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Primo Brands Corporation's position in the market.
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.
Primo Brands (NYSE: PRMB) announced the return of the Saratoga® Supper Club experience, featuring exclusive dining events at top restaurants across the U.S. The series will take place between December 2024 and January 2025 in Miami, Boston, New York, Chicago, and Los Angeles. The events will be hosted at prestigious venues including the Tambourine Room, Amar, One White Street, Esme, and Camphor, with reservations available through Resy. Each location offers unique culinary experiences, from Portuguese cuisine in Boston to French-Asian fusion in Miami, highlighting Saratoga's signature cobalt blue bottle as a centerpiece of these dining experiences.
Primo Brands (NYSE: PRMB) has announced its participation in the J.P. Morgan Opportunities Forum. The company's leadership team, including CEO Robbert Rietbroek, CFO David Hass, and Board Chairman Dean Metropoulos, will join J.P. Morgan analyst Andrea Texiera for a virtual webinar on November 14, 2024, at 2:00 p.m. Eastern Time. The presentation will be accessible through the investor relations section of Primo Brands' website at ir.primobrands.com, with replay available after the event.
Primo Brands has announced the successful completion of the merger between Primo Water and BlueTriton Brands, creating a leading branded beverage company in North America focused on healthy hydration. The company will trade on the NYSE under the symbol PRMB starting November 11, 2024. The combined entity features billion-dollar brands including Poland Spring® and Pure Life®, along with premium brands like Saratoga® and Mountain Valley®. Robbert Rietbroek will serve as CEO, with dual headquarters in Tampa, FL and Stamford, CT. The company has declared a quarterly dividend of $0.09 per share, payable on December 5, 2024.
Primo Water reported strong Q3 2024 results with revenue increasing 8.8% to $511 million, driven by 7.4% organic growth. Gross margin improved 20 bps to 64.7%, while net income rose to $38 million. Adjusted EBITDA grew 11.4% to $125 million with a margin of 24.4%. The company expects to close its transaction with BlueTriton Brands on November 8, 2024, after which it will begin trading as Primo Brands (NYSE:PRMB) on November 11th. Growth was notable across channels, with Water Direct/Exchange up 8.0%, Water Refill/Filtration up 7.1%, and Other Water showing significant growth of 102.2%.
FAQ
What is the current stock price of Primo Brands Corporation (PRMB)?
What is the market cap of Primo Brands Corporation (PRMB)?
