Company: PRMB
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001193125-25-309678
Chunk: 16

Company: Primo Brands Corp
Filing Date: 2025-12-05
Form: 424B3
Chunk 16
---
 the aggregate in any fiscal year;            |

| • |     | redeem or repurchase equity securities, other than (i) from a departing associate, officer, director, or                                                                                           
 independent contractor as contemplated by the applicable equity plan or award agreement; or (ii) in connection with the clawback of erroneously awarded compensation in compliance with SEC rules; |

14

| • |     | incur indebtedness for borrowed money that would cause the total net leverage ratio (as such term or equivalent                                                                                                                           
 term is customarily defined) of the Company to exceed 3.5x, other than (i) incurrences under the senior note indentures in existence at Closing; and (ii) incurrences made in the ordinary course of business under the BlueTriton credit 
 agreements in existence at the Closing;                                                                                                                                                                                                   |

| • |     | amend, modify, waive, or repeal any provision of the Stockholders Agreement or the organizational documents of                                                                                                                                           
 the Company or any of its subsidiaries that adversely affects the powers, preferences, rights, or protections of the ORCP Stockholders or the Sponsor Nominees (as defined in the Stockholders Agreement), increases the liability of a Sponsor Nominee, 
 or adversely affects the Company’s ability to perform its obligations under the Stockholders Agreement;                                                                                                                                                  |

| • |     | designate a director to the Board other than in accordance with our certificate of incorporation; and |

| • |     | enter into an agreement to do any of the foregoing. |

Pursuant to the Stockholders Agreement, approval of 66 2/3% of the Board will be required in order for the Company to do any of the following:

| • |     | issue shares or other equity securities, including any preferred stock, to the Initial ORCP Stockholder and                                   
 certain of its permitted transferees, other than to ORCP pursuant to its purchase rights described below under “—Purchase and Notice Rights”; |

| • |     | enter into or effect a change of control (as defined in any of the senior note indentures in existence at 
 Closing) or similar transaction;                                                                          |

| • |     | increase or decrease the size of the Board or the board of directors of any subsidiary, or any committee thereof, 
 other than as specified above; and                                                                                |

| • |     | initiate a voluntary liquidation, dissolution, winding up, bankruptcy, or other insolvency proceeding of the 
 Company or any of its material subsidiaries.                                                                 |

Purchase and Notice Rights