Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 117

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 117
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.0105.8464.8Cash, cash equivalents, and restricted cash at end of period$620.7$47.0$105.8Cash and cash equivalents and restricted cash of discontinued operations, end of period6.3 — — Cash and cash equivalents and restricted cash of continuing operations, end of period$614.4 $47.0 $105.8 Supplemental disclosure of non-cash investing and financing activities:Purchases of property, plant and equipment and intangible assets included in trade payables and accruals and other current liabilities$54.1$41.8$46.8Dividends payable issued through accounts payable and accrued liabilities0.3——Supplemental disclosure of cash flow information:Cash paid for interest, net of interest capitalized$320.2$274.3$198.2Cash paid for income taxes97.165.913.9

The accompanying notes are an integral part of these consolidated financial statements

F-10

PRIMO BRANDS CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1—DESCRIPTION OF THE BUSINESS 

Primo Brands Corporation ("Primo Brands", or the "Company") is a leading North American branded beverage company with a focus on healthy hydration, delivering responsibly and domestically sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in every state and Canada.On November 8, 2024, Primo Brands consummated the sequential mergers and transactions contemplated by the Arrangement Agreement and Plan of Merger, dated as of June 16, 2024, as amended by that certain Amendment No. 1 thereto dated October 1, 2024 (the document, as amended, the “Arrangement Agreement”, and the aggregation of these activities are henceforth referred to as the "Transaction") in which Primo Brands became the surviving corporation, and Primo Water Corporation ("Primo Water") and Triton Water Parent, Inc. ("BlueTriton") became wholly-owned subsidiaries of Primo Brands. Immediately following the completion of the Transaction, former Primo Water stockholders and Triton Water Parent Holdings, LP, the prior stockholder of BlueTriton and its affiliates (the "Sponsor Stockholder") owned approximately 43% and 57% of the Fully Diluted Shares, respectively. We have an extensive portfolio of highly recognizable, responsibly sourced and conveniently packaged branded beverages distributed across more