Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 315

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 315
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 22—SUBSEQUENT EVENTS

On March 1, 2024,
the Company entered into the third amendment to the Term Loan Agreement for an incremental $400 million of term loans (“2024 Incremental Term Loans”), net of discount of $8.0 million. In connection with the 2024 Incremental Term
Loans, the Company incurred debt issuance and transaction costs of $5.1 million. In addition, the Company declared and paid a dividend to common stockholders of $382.7 million in March 2024.

On June 16, 2024, the Company and Primo Water Corporation (“Primo”), a publicly traded company, entered into a definitive agreement to merge
and create a combined company (“NewCo”) in an all-stock transaction (the “Transaction”) that was unanimously approved by the Boards of Directors of both companies. Upon closing of the
Transaction, the Company’s shareholders are expected to own 57% of the fully diluted shares of NewCo and Primo shareholders and holders of Primo incentive equity are expected to own 43% of the fully diluted shares of NewCo. The Transaction is
structured to allow the Company’s Term Loans and Senior Notes to remain in place, if the parties desire to do so. The Transaction is subject to approval by Primo’s shareholders, as well as the satisfaction of customary closing conditions,
including expiration of a required waiting period, and receipt of other regulatory and court approvals. The Transaction is expected to be completed as soon as practicable following receipt of all required regulatory approvals and the satisfaction of
all other conditions to closing.

F-46

TRITON WATER PARENT, INC. CONDENSED CONSOLIDATED BALANCE SHEETS

|                                                                                                    | ($ in millions, except share and per share amounts) |   | September 30, 2024 
        (Unaudited) |   |     |   | December 31, 2023 |   |
|:---------------------------------------------------------------------------------------------------|:----------------------------------------------------|:--|-------------------:|:--|:----|:--|------------------:|:--|
| ASSETS                                                                                             |                                                     |   |                    |   |     |   |                   |   |
| Current Assets:                                                                                    |                                                     |   |                    |   |     |   |                   |   |
| Cash, cash equivalents and restricted cash                                                         |                                                     | $ |              176.7 |   |     | $ |              47.0 |   |
| Trade