Company: PRMB
Filing Date: 2025-02-27
Form Type: S-1/A
Source: 0001193125-25-039341
Chunk: 103

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: S-1/A
Chunk 103
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31, 2024 and 2023, we recorded an associated prepaid expense of nil and $3.4 million, respectively, which is included in Prepaid expenses and other current assets in our consolidated financial statements incorporated by reference herein. Additionally, we recorded an associated accrual of $0.2 million and nil as of December 31, 2024 and 2023, respectively. 66

For the years ended December 31, 2024 and 2023, we purchased $30.9 million and $4.7
million, respectively, of raw materials used in the production process from Alltrista Plastics LLC, a subsidiary of Jadex Inc., a One Rock portfolio company, which were recorded as a component of cost of sales in our consolidated financial
statements incorporated by reference herein. Additionally, we recorded an associated payable of $0.2 million and $1.5 million, respectively, related to the unpaid portion of these purchases.

Stockholders Agreement

On
November 7, 2024, the Company and the Initial ORCP Stockholder entered into the Stockholders Agreement setting forth certain governance and other rights of the Initial ORCP Stockholder and certain of its permitted transferees. In the
Stockholders Agreement, the Initial ORCP Stockholder agreed, subject to certain exceptions set forth therein, to provide customary assistance in respect of any required regulatory filings.

Pursuant to the Stockholders Agreement, the ORCP Stockholders may request that we conduct a registered offering of their Class A common stock,
subject to certain conditions. The ORCP Stockholders and any other Sponsor Stockholder that beneficially owns 5% of the outstanding shares of Class A common stock may exercise piggyback rights to participate in any registered offering of
Class A common stock conducted at their request or at the initiative of the Company. Pursuant to the Stockholders Agreement, we agreed to file a shelf registration statement as promptly as practicable to register the resale by the Sponsor
Stockholders of their respective shares of Class A common stock from time to time. The ORCP Stockholders have the right to request a takedown offering of shares off of an effective shelf registration statement, and the ORCP Stockholders and any
other Sponsor Stockholders that beneficially own greater than 5% of the outstanding shares of Class A common stock will have piggyback registration rights with respect to such a takedown.

Sponsor Stockholders who are not ORCP Stockholders (collectively, “Other Sponsor Stockholders”) and