Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 109

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 109
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 Resources Historical Sources and Uses of Liquidity and Capital Resources BlueTriton’s principal liquidity requirements were for working capital and general corporate purposes, including capital expenditures and debt service, dividends, and acquisitions. BlueTriton historically funded its operations and acquisitions primarily through debt financing and cash provided by operating activities. As of September 30, 2024, BlueTriton had $176.7 million of cash on hand (of which $1.9 million was restricted) and had access to a $350.0 million BlueTriton ABL Credit Facility (availability of $298.0 million, net of outstanding letters of credit of $52.0 million). The terms of the BlueTriton Senior Secured Credit Facilities and BlueTriton Senior Notes (as as defined below) were not amended as a result of the Transaction. 71

Description of Certain BlueTriton Indebtedness

BlueTriton Senior Secured Credit Facilities

In connection with the Nestlé Acquisition, BlueTriton entered into the BlueTriton Senior Secured Credit Facilities, which consist of the
BlueTriton Term Loan Facility and the BlueTriton ABL Credit Facility.

BlueTriton Term Loan Facility

Triton Water Holdings, Inc. (“Triton Water Holdings”) and Triton Water Intermediate, Inc. (“Intermediate Holdings”), both
wholly owned subsidiaries of the Company, entered into a Term Loan Agreement (the “BlueTriton Term Loan Facility”) on March 31, 2021 with a group of lenders and Morgan Stanley Senior Funding, Inc., as administrative and collateral
agent, under which BlueTriton borrowed term loans in an aggregate principal amount of $2,550.0 million. The BlueTriton Term Loan Facility has a maturity date of March 31, 2028. The proceeds of the BlueTriton Term Loan Facility were used to
finance the Nestlé Acquisition and pay fees and expenses related thereto.

The credit agreement governing the BlueTriton Term Loan
Facility (the “BlueTriton Term Loan Credit Agreement”) permits BlueTriton to incur incremental term loans in an aggregate amount not to exceed the greater of (i) $536.0 million and (ii) 1.0 multiplied by the pro forma
consolidated adjusted EBITDA of BlueTriton for the most recently ended four full fiscal quarters, plus certain additional amounts, including unlimited amounts subject to, among other things