Company: PRMB
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001193125-25-049851
Chunk: 108

Company: Primo Brands Corp
Filing Date: 2025-03-07
Form: 424B3
Chunk 108
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ings under the Term Loan Facility will amortize in equal quarterly installments in an amount equal to 1.00% per annum of the
principal amount.

The interest rate margin applicable to borrowings under the Term Loan Facility will be, at the Company’s option,
either (1) the base rate (which is the highest of (x) the overnight federal funds rate, plus 0.50%, (y) the prime rate on such day, and (z) the one-month SOFR published on such date, plus 1.00%), plus an applicable margin, or (2) one-, three- or
six-month SOFR or, if available from all lenders, 12-month SOFR, or any shorter period less than one month (as may be consented to by each applicable lender thereunder), plus an applicable margin. The applicable margin for SOFR loans under the Term
Loan Facility will be 2.25%. The Term Loan Facility is subject to a SOFR floor of 0.50%.

The Company may voluntarily prepay loans or
reduce commitments under the Term Loan Facility, in whole or in part, subject to minimum amounts, with prior notice, but without premium or penalty (other than a 1.00% premium on any prepayment in connection with a repricing transaction prior to the
date that is six months after the Early Settlement Date. The Company is required to prepay the Term Loan Facility with 100% of the net cash proceeds of certain asset sales (such percentage subject to reduction based on the achievement of specific
leverage ratios), 100% of the net cash proceeds of certain debt issuances, and 50% of excess cash flow (such percentage subject to reduction based on the achievement of specific leverage ratios), in each case, subject to certain reinvestment rights
and other exceptions.

The obligations under the Term Loan Facility are guaranteed by the Guarantors. The Term Loan Facility is secured by
a first-priority lien on substantially all of the Issuers’ and the Guarantors’ current and fixed assets (subject to certain exceptions), subject to certain permitted liens.

The Term Loan Facility contains customary negative covenants generally consistent with those applicable to the New Notes, including, but not
limited to, restrictions on the ability of the Company and its restricted subsidiaries to merge and consolidate with other companies, incur indebtedness, grant liens or security interests on assets, pay dividends or make other restricted payments,
optionally prepay or modify terms of certain junior