Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 122

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 122
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urchase and subsequent retirement of a portion of the BlueTriton Senior Notes and
the scheduled principal payments of the BlueTriton Term Loan Facility. The source of cash in fiscal year 2021 is primarily the result of proceeds from financing the Nestlé Acquisition, partly offset by the payment of a dividends totaling
$761.3 million.

Contractual Obligations and Commitments

BlueTriton’s material contractual obligations as of December 31, 2023 consisted of long-term debt of $3,550.2 million, detailed
in Note 10, “Debt” to BlueTriton’s audited consolidated financial statements included elsewhere in this prospectus. In addition, there are future commitments under various operating and finance leases for BlueTriton’s
facilities. BlueTriton’s operating and finance lease commitments primarily include land and buildings for offices and warehouse space, vehicles, and certain machinery and equipment, and tools, furniture, and other equipment. As of
December 31, 2023, BlueTriton had total operating lease payment obligations (including imputed interest) of $731.4 million, with $102.9 million to be paid within the next 12 months and the remainder thereafter. For additional
discussion on BlueTriton’s operating and finance leases, see Note 6, “Leases” and Note 10, “Debt” to BlueTriton’s audited consolidated financial statements included elsewhere in this prospectus.

Additionally, BlueTriton may enter into unconditional purchase obligations with third party suppliers in the ordinary course of business,
which are entered into to secure access to springs, subscriptions, utilities, services and supplies vital to BlueTriton’s operations and ability to serve its customers. BlueTriton has various long-term supply and service contracts that may
require that BlueTriton’s purchase minimum quantities, for a minimum term, at fixed or variable rates. Unconditional purchase obligations covered by these agreements for the next 12 months are $70.3 million. For additional discussion
on BlueTriton’s operating and finance leases, see Note 20, “Commitments and Contingencies” to BlueTriton’s audited consolidated financial statements included elsewhere in this prospectus.

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Parent Guarantees

Upon consummation of the Transaction, Primo Brands entered into guarantees of the payment obligations of Primo Water Holdings Inc. (the
“Issuer”) with respect to (i) the Primo