Company: PRMB
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0002042694-25-000009
Chunk: 16

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 424B3
Chunk 16
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 purchase complementary consumable products. The Company believes that the Transaction will create a leading player in the pure-play healthy hydration industry, well-positioned in one of the largest components of the U.S. beverage category.

The purchase price of $3,950.3 million has been allocated to the assets acquired and liabilities assumed based on the Company’s estimates of fair values as of the acquisition date. The excess of the purchase price over the aggregate fair values was recorded as goodwill. Goodwill arising from the acquisition is attributable to the value of the acquired assembled workforce and the premium paid. The portion of goodwill deductible for tax purposes is $68.3 million.

The following table summarizes the preliminary allocation of purchase price to the identifiable assets acquired and liabilities assumed by the Company, with the excess of the purchase price over the fair value of Primo Water’s net assets recorded as goodwill:

| ($ in millions)                                          
 Purchase Price                                           
 Estimated fair value of equity instruments:              |     | Fair Value |     |         |
|:---------------------------------------------------------|:----|:-----------|:----|--------:|
| Class A common shares issued to Primo Water shareholders |     | $          |     | 3,883.2 |
| Replacement share-based payment awards:                  |     |            |     |         |
| Stock options                                            |     |            |     |    12.7 |
| Performance-based RSUs converted into time-based RSUs    |     |            |     |    39.6 |
| Time-based RSUs                                          |     |            |     |    13.7 |
| Other awards                                             |     |            |     |     1.1 |
| Total consideration                                      |     | $          |     | 3,950.3 |

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The table below summarizes the originally reported estimated acquisition date fair values, measurement period adjustments recorded and the final purchase price allocation of the assets acquired and the liabilities assumed:

| ($ in millions)                                   |     | Originally Reported |     |          |     | Measurement Period Adjustments |     |      |     | Acquired Value |     |          |
|:--------------------------------------------------|:----|:--------------------|:----|---------:|:----|:-------------------------------|:----|-----:|:----|:---------------|:----|---------:|
| Cash, cash equivalents and restricted cash        |     | $                   |     |    665.9 |     | $                              |     |    —