Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 283

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 283
---
 will not be recovered.

F-21

The following table summarizes changes in the consolidated allowance for credit losses (in millions):

| Balance as of February 3, 2021 (Successor)    |     | Amount |     — |   |
|:----------------------------------------------|:----|:-------|------:|:--|
| Provision for credit losses                   |     |        |  11.3 |   |
| Utilization of allowance                      |     |        |  (8.9 | ) |
| Balance as of December 31, 2021 (Successor)   |     | $      |   2.4 |   |
| Provision for credit losses                   |     |        |  18.4 |   |
| Utilization of allowance                      |     |        | (17.1 | ) |
| Balance as of December 31, 2022 (Successor)   |     | $      |   3.7 |   |
| Provision for credit losses                   |     |        |  14.1 |   |
| Utilization of allowance                      |     |        | (14.4 | ) |
| Balance as of December 31, 2023 (Successor)   |     | $      |   3.4 |   |
| Balance as of December 31, 2020 (Predecessor) |     | $      |   2.9 |   |
| Provision for credit losses                   |     | $      |   1.6 |   |
| Utilization of allowance                      |     | $      |  (2.3 | ) |
| Balance as of March 31, 2021 (Predecessor)    |     | $      |   2.2 |   |

Concentrations of Credit Risk The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and trade receivables. The Company’s cash accounts in a financial institution may at times exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. The Company performs ongoing credit evaluations of its customers and maintains allowances for credit losses. The Company has historically not experienced any significant losses related to the collection of its trade receivables. As of, and for the year ended, December 31, 2023 (Successor) there was one customer who made