Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 152

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 152
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 |                 — |     |             |    — |     |     |       — |     |           |               8.8 |     |             |    — |     |     |     8.8 |
| Finance leases - current maturities           |     |           |              14.2 |     |             |    — |     |     |    14.2 |     |           |              10.9 |     |             |    — |     |     |    10.9 |
| Total current debt                            |     | $         |              14.2 |     | $           |    — |     | $   |    14.2 |     | $         |             216.7 |     | $           |    — |     | $   |   216.7 |
| Total long-term debt                          |     | $         |           1,282.8 |     | $           | 12.0 |     | $   | 1,270.8 |     | $         |           1,266.5 |     | $           | 14.2 |     | $   | 1,252.3 |

105

Primo Water Revolving Credit Facility

On March 6, 2020, Primo Water entered into the Primo Water Credit Agreement. The Primo Water Credit Agreement provides for the Primo Water
Revolving Credit Facility, which may be increased by incremental credit extensions from time to time in the form of term loans or additional revolving credit commitments. The Primo Water Revolving Credit Facility has a five year maturity date and
includes letter of credit and swing line loan sub facilities.

Initial borrowings under the Primo Water Revolving Credit Facility were
used to refinance in full and terminate Primo Water’s previously existing asset-based lending credit facility (the “Primo Water ABL Facility”). Certain letters of credit outstanding under the Primo Water ABL Facility were rolled over
under the Primo Water Revolving Credit Facility. Primo Water incurred approximately $3.4 million of financing fees in connection with the Primo Water Revolving Credit Facility. The Primo Water Revolving Credit Facility was considered to be a
modification of the Primo Water ABL Facility under GAAP. These new financing fees along with $1.8 million of unamortized deferred costs of the Primo Water ABL Facility are being amortized using the straight-line method over the