Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 79

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 79
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 information and certain estimates and assumptions. Management believes that such assumptions provide a reasonable basis for presenting all the significant effects of the contemplated transactions, and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied to the unaudited pro forma condensed combined financial information. The actual adjustments to the consolidated financial statements of Primo Brands will likely differ from the pro forma adjustments herein. BlueTriton and Primo Water did not have any material historical relationship prior to the Transaction. Accordingly, no pro forma adjustments were required to eliminate activities between the companies. 48

| 3. | Adjustments to the Unaudited Pro Forma Condensed Combined Balance sheet |

The pro forma notes and adjustments, based on preliminary estimates that could change materially as additional information is obtained, are as follows: Pro Forma Notes

Pro forma Transaction Accounting Adjustments

| (c) | BlueTriton expenses costs for returnable bottles as incurred. As Primo Water capitalizes these costs in                                          
 property, plant and equipment, this adjustment reflects the net change in the amount of property, plant, and equipment to conform to BlueTriton. |

| (d) | To reflect reclassifications to provide a consistent classification and presentation to BlueTriton’s 
 financial statement presentation.                                                                    |

| (e) | To reflect the purchase price allocation adjustments to record Primo Water’s assets and liabilities at 
 estimated fair value based on the consideration transferred.                                           |

Under the acquisition method of accounting, the purchase price is allocated to the identifiable tangible and intangible assets acquired and liabilities assumed based on their respective fair values, with any excess purchase price allocated to goodwill. As of the date of this prospectus, BlueTriton has not completed the valuation analysis and calculations in sufficient detail necessary to arrive at the required estimates of the fair value of the Primo Water assets that were acquired or liabilities that were assumed, other than a preliminary estimate for intangible assets. Accordingly, certain Primo Water assets and liabilities are presented at their respective carrying amounts and should be treated as preliminary values. The value of the consideration transferred is based on the quoted market price of Primo Shares immediately prior to the Closing. The pro forma adjustments included herein may be adjusted as additional information becomes available and as additional analyses are performed. The final purchase price allocation may be different than that reflected in the preliminary pro forma purchase price allocation presented herein, and this difference may be material. The following table reflects the effect of Primo Water’s preliminary purchase price allocation:

| (