Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 116

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 116
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 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 2028 Notes, issued pursuant to that certain Indenture, dated as of October 22, 2020, by and among the Issuer, the guarantors party thereto, BNY Canada, as Canadian trustee, BNY US, as U.S.
trustee, and The Bank of New York Mellon, London Branch, as London paying agent , and (ii) the Primo 2029 Notes, issued pursuant to that certain Indenture, dated as of April 30, 2021, by and among the Issuer, the guarantors party thereto,
BNY Canada, as Canadian trustee, and BNY US, as U.S. trustee, paying agent, registrar, transfer agent, and authenticating agent.

Future Sources and Uses of Liquidity

We believe that a combination of cash generated from operating activities, undrawn availability under the
BlueTriton ABL Credit Facility and the Primo Water Revolving Credit Facility, and borrowings under the historical debt instruments of BlueTriton and Primo Water that remain outstanding, will provide sufficient liquidity to support our working
capital needs, planned growth, and capital expenditure needs, service the ongoing principal and interest payments on the indebtedness of Primo Brands and its subsidiaries, along with our other funding and investment requirements for the next 12
months and for the foreseeable future. However, we do not expect to generate sufficient cash from operations to repay at maturity the entirety of the then-outstanding balances of our indebtedness, including the BlueTriton Term Loan Facility that is
expected to mature in 2028, the BlueTriton Senior Notes that are expected to mature in 2029, and the Primo Senior Notes that are expected