Company: PRMB
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001628280-25-049955
Chunk: 43

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 424B3
Chunk 43
---
 of $44.0 million and $67.1 million were recorded within Cost of sales on the Condensed Consolidated Statements of Operations, respectively.

The following table reflects the activity related to the restructuring accrual for the period presented:

| ($ in millions)                  |     | Amount |     |       |
|:---------------------------------|:----|:-------|:----|------:|
| Balance as of December 31, 2024  |     | $      |     |  46.4 |
| Charges incurred                 |     |        |     |   6.3 |
| Payments made                    |     |        |     | -12.1 |
| Balance as of March 31, 2025     |     | $      |     |  40.6 |
| Charges incurred                 |     |        |     |   7.4 |
| Payments made                    |     |        |     | -12.2 |
| Balance as of June 30, 2025      |     | $      |     |  35.8 |
| Charges incurred                 |     |        |     |   4.7 |
| Payments made                    |     |        |     | -13.9 |
| Balance as of September 30, 2025 |     | $      |     |  26.6 |

NOTE 13—HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS

The Company is directly and indirectly affected by changes in foreign currency market conditions and commodity prices on items such as diesel fuel and petroleum-based products. These changes in market conditions and commodity prices may adversely impact the Company's financial performance and are referred to as market risks. When deemed appropriate by management, the Company uses derivatives as a risk management tool to mitigate the potential impact of foreign currency market risks and commodity price risks.

The Company uses foreign exchange forward contracts to manage the foreign exchange risk associated with the principal balance of the Company's 3.875% Senior Notes and non-tendered Original 3.875% Senior Notes. Forward contracts are agreements to buy or sell a quantity of a currency at a predetermined future date, and at a predetermined rate or price and are traded over-the-counter. The Company uses commodity futures, forwards, and option contracts to manage commodity price risk associated with diesel fuel and petroleum-based products based on its anticipated consumption of these commodities for periods of up to 24 months.

<div align='center'>31</div>

All