Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 74

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 74
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 operations. Our most significant assets are the equity interests we directly and indirectly hold in our subsidiaries. Furthermore, the ability of our subsidiaries to make distributions to Primo Brands depends on the satisfaction of applicable state and foreign law, and our ability to receive distributions from our own subsidiaries will continue to depend on applicable state law with respect to such distributions. Our debt agreements contain restrictions on the payment of dividends. Such restrictions allow us to pay dividends only under certain amounts in a given year or otherwise subject to certain restrictions, such as there being no existing default or event of default that would occur under such debt agreement as a result of such distribution and the compliance with certain leverage ratios contained in the applicable debt agreement. In addition, our Stockholders Agreement provides that, for so long as the ORCP Stockholders own at least 30% of the outstanding Shares, the prior written approval of the ORCP Stockholders will be required before we can declare or pay dividends to Stockholders on a non-pro rata basis or in excess of $175 million in the aggregate in any fiscal year. If cash dividends are not paid on our Class A common stock, you may need to sell your shares of Class A common stock to realize a return on your investment, and you may not be able to sell your shares at or above the price you paid for them. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations of BlueTriton—Liquidity and Capital Resources—Description of Certain BlueTriton Indebtedness,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations of Primo Water—Other Liquidity Matters—Debt,” and “Risk Factors—Risks Related to Our Class A Common Stock—We may not issue a quarterly dividend in the future and Stockholders may never obtain a return on their investment.” Primo Brands expects to make quarterly cash dividends on shares of our Class A common stock. However, the payment of cash dividends on shares of our Class A common stock in the future will be within the discretion of our Board at such time, and will depend on numerous factors, including:

| • |     | general economic and business conditions; |

| • |     | our strategic plans and prospects; |

| • |     | our business and investment opportunities; |

| • |     | our financial condition and operating results, including our cash position and net income; |

| • |     | working capital requirements and anticipated cash needs; |

| • |     | contractual restrictions and obligations, including restrictions pursuant to any