Company: PRMB
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001628280-25-049955
Chunk: 49

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 424B3
Chunk 49
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0 |     | $       | 5.4 |

The fair values of the Company’s money market investments are based on the daily market price for identical assets in active markets. The fair value of the Company's split-dollar life insurance policies are the cash surrender value based on the fair value of underlying investment.

The changes in the fair value of the Company's commodity forwards recorded at fair value, which are Level 3 financial liabilities, are reflected within Other operating (income) expense, net on the Condensed Consolidated Statements of Operations.

The Company had no transfers into or out of Level 3 of the fair value hierarchy for any of the periods presented.

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#### Fair Value of Debt
The following table summarizes the Company's estimates of the fair values of its debt as of the periods presented:

|                                    |     |                | September 30, 2025 |     |            |         |     |                | December 31, 2024 |     |            |         |
|:-----------------------------------|:----|:---------------|-------------------:|:----|:-----------|--------:|:----|:---------------|------------------:|:----|:-----------|--------:|
| ($ in millions)                    |     | Carrying Value |                    |     | Fair Value |         |     | Carrying Value |                   |     | Fair Value |         |
| Term Loans                         |     | $              |            3,075.4 |     | $          | 3,083.1 |     | $              |           3,098.6 |     | $          | 3,121.8 |
| 6.250% Senior Notes1               |     |                |              712.8 |     |            |   715.5 |     |                |             713.0 |     |            |   709.4 |
| 3.875% Senior Notes1               |     |                |              509.9 |     |            |   519.2 |     |                |             459.8 |     |            |   459.9 |
| 4.375% Senior Notes1               |     |                |              712.7 |     |            |   725.7 |     |                |             710.0 |     |            |   701.2 |
| Non-tendered Original Senior Notes |     |                |               13.