Company: PRMB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0002042694-25-000007
Chunk: 3

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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LOWS (Continued)

Unaudited

Three Months Ended March 31,($ in millions)20252024Cash flows from financing activities of continuing operations:Proceeds from 2024 Incremental Term Loan, net of discount—392.02024 Incremental Term Loan debt issuance costs—(5.1)Proceeds from borrowings from ABL Credit Facility—25.0Repayment of Term Loans(7.7)(8.0)Proceeds from borrowings of other debt—2.1Principal repayment of other debt(1.3)(0.4)Principal payment of finance leases(7.2)(0.8)Financing fees(7.5)—Issuance of common stock1.2—Common stock repurchased and cancelled(119.2)—Dividends paid to common stockholders(38.6)—Dividends paid to Sponsor Stockholder—(382.7)Other financing activities(0.5)—Net cash (used in) provided by financing activities of continuing operations(180.8)22.1Cash flows from discontinued operations:Net cash provided by operating activities from discontinued operations2.9—Net cash used in investing activities from discontinued operations(8.0)—Net cash provided by financing activities from discontinued operations2.4—Net cash used in discontinuing operations(2.7)—Effect of exchange rates on cash, cash equivalents and restricted cash0.5(0.3)Net decrease in cash, cash equivalents and restricted cash$(167.4)$(13.9)Cash and cash equivalents and restricted cash, beginning of period620.747.0Cash and cash equivalents and restricted cash, end of period$453.3$33.1Cash and cash equivalents and restricted cash of discontinued operations, end of period3.6 — Cash and cash equivalents and restricted cash of continuing operations, end of period$449.7 $33.1 Supplemental disclosure of non-cash investing and financing activities:Purchases of property, plant and equipment and intangible assets included in trade payables and accruals and other current liabilities$33.0$17.4Dividends payable issued through accounts payable and accrued liabilities0.3—Financing lease right-of-use assets obtained in exchange for lease obligations14.012.4Operating lease right-of-use assets obtained in exchange for lease obligations20.81.3Supplemental disclosure of cash flow information:Cash paid for interest, net of interest capitalized$87.1