Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 132

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 132
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 Primo Water’s
€450.0 million of the Primo 2028 Notes. The Primo 2029 Notes will mature on April 30, 2029, and interest is payable semi-annually on April 30 and October 31 of each year commencing on October 31, 2021. The proceeds of
the Primo 2029 Notes, along with available cash on hand, were used to redeem in full Primo Water’s $750.0 million of 5.500% senior notes due April 1, 2025 (the “Primo 2025 Notes”) and pay related premiums, fees, and
expenses.

Primo Water incurred approximately $11.2 million of financing fees for the issuance of the Primo 2029 Notes. The financing
fees are being amortized using the effective interest method over an eight-year period, which represents the term to maturity of the Primo 2029 Notes. The redemption of the Primo 2025 Notes included $20.6 million in premium payments, accrued
interest of $3.6 million, and the write-off of $6.6 million in deferred financing fees.

On October 22, 2020, Primo Water issued €450.0 million ($499.4 million at exchange rates in effect on December 30,
2023) of Primo 2028 Notes to qualified purchasers in a private placement offering under Rule 144A under the Securities Act, and outside the United States to non-U.S. purchasers pursuant to Regulation S
under the Securities Act and other applicable laws. The Primo 2028 Notes were issued by Primo Water’s wholly-owned subsidiary Primo Water Holdings Inc. The Primo 2028 Notes are guaranteed by Primo Water and certain subsidiaries that are
currently obligors under the Primo Water Revolving Credit Facility and the Primo 2029 Notes. The Primo 2028 Notes will mature on October 31, 2028 and interest is payable semi-annually on April 30 and October 31 of each year commencing
on April 30, 2021.

Primo Water incurred approximately $8.5 million of financing fees for the issuance of the Primo 2028 Notes.
The financing fees are being amortized using the effective interest method over an eight-year period, which represents the term to maturity of the Primo 2028 Notes.

On March 6, 2020, Primo Water entered into