Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 293

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 293
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ities of lease obligations (in millions):

| Year Ended December 31, 
 2024                    |     | Operating Leases |  102.9 |   |     | Finance Leases |  2.7 |   |
|:------------------------|:----|:-----------------|-------:|:--|:----|:---------------|-----:|:--|
| 2025                    |     |                  |   99.6 |   |     |                |  2.8 |   |
| 2026                    |     |                  |   89.9 |   |     |                |  2.4 |   |
| 2027                    |     |                  |   73.3 |   |     |                |  2.2 |   |
| 2028                    |     |                  |   63.3 |   |     |                |  2.1 |   |
| Thereafter              |     |                  |  302.4 |   |     |                |  0.3 |   |
| Total lease payments    |     |                  |  731.4 |   |     |                | 12.5 |   |
| Less: imputed interest  |     |                  | (159.4 | ) |     |                | (2.5 | ) |
| Total lease obligations |     | $                |  572.0 |   |     | $              | 10.0 |   |

Sale-leaseback transactions In December, 2021, the Company completed a sale-leaseback transaction related to 20 properties for a gross sales price of $551 million, resulting in a gain of $23.6 million, which is included in other operating expense (income), net. Contemporaneous with the closing of the sale, the Company entered into a master lease agreement for the properties. The lease includes a renewal option up to an additional 30 years, which the Company is not reasonably certain to exercise. The lease is accounted for as an operating lease and is included in the above information. NOTE 7—GOODWILL The changes in the carrying amount of goodwill were as follows (in millions) (Successor):

|                                |     | Retail |       |   |     | ReadyRefresh |       |     | Total |       |   |
|:-------------------------------|:----|:-------|------:|:--|:----|: