Saratoga Water Firm’s Holders Seek $1.5 Billion for Stake (1)

A pair of Primo Brands Corp. stockholders affiliated with One Rock Capital Partners are seeking to raise as much as $1.5 billion in a share sale, according to people familiar with the matter.

The shareholders in the company, known for bottled water brands including Poland Spring and Saratoga, are offering 47.5 million shares for $32 to $32.32 each, the people said, asking not to be identified as the information isn’t public.

The price range represents a discount of as much as 1% to the closing price of $32.32 each on Thursday, Bloomberg calculations show. The offering is set to trim ...