Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 68

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 68
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. In addition, payments to us by our subsidiaries will be contingent upon our subsidiaries’ earnings. Additionally, we may be limited in our ability to cause any future joint ventures under which our subsidiaries distribute their earnings to us. Subject to certain qualifications, our subsidiaries are permitted under the terms of our indebtedness to incur additional indebtedness that may restrict payments from those subsidiaries to us. We cannot assure you that agreements governing the current and future indebtedness of our subsidiaries will permit those subsidiaries to provide us with sufficient cash to fund our financial obligations. The terms of our debt agreements impose restrictions that may limit our current and future operating flexibility, particularly our ability to respond to changes in the economy or our industry or to take certain actions, which could harm our long-term interests and may limit our ability to make payments on our indebtedness. Our debt agreements contain a number of restrictive covenants that impose significant operating and financial restrictions on us and limit our ability to engage in acts that may be in our long-term best interest, including restrictions on our ability and the ability of our subsidiaries to:

| • |     | incur additional indebtedness, guarantee indebtedness, or issue disqualified stock; |

| • |     | pay dividends on, redeem or repurchase stock, or make other distributions in respect of capital stock and make 
 other restricted payments;                                                                                     |

| • |     | prepay, redeem, or repurchase certain debt; |

| • |     | issue certain preferred stock or similar equity securities; |

| • |     | make loans and investments; |

| • |     | transfer, lease, or sell certain assets; |

| • |     | create or permit to exist certain liens; |

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| • |     | enter into certain transactions with affiliates; |

| • |     | operate together on other than an arm’s-length basis; |

| • |     | consolidate, merge, sell, or otherwise dispose of all or substantially all of our assets; |

| • |     | agree to dividend or other payment restrictions affecting our restricted subsidiaries; and |

| • |     | designate restricted and unrestricted subsidiaries. |

As a result of all of these restrictions, we may be:

| • |     | limited in how we conduct our business; |

| • |     | unable to raise additional debt or equity financing to operate during general economic or business downturns; or |

| • |     | unable to compete effectively or to take advantage of new business opportunities. |

These restrictions might hinder our ability to grow in accordance with our