Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 378

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 378
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 on or about November 8, 2024,
subject to satisfaction of final conditions to closing under the Arrangement Agreement. On November 4, 2024, the Company announced that the new company name for “NewCo” is Primo Brands Corporation, which is expected to begin trading
on the New York Stock Exchange under the ticker “PRMB” after closing of the BlueTriton Transaction. See Part II. Item 1A. Risk Factors in this Quarterly Report on Form 10-Q for information about
certain risks and uncertainties related to the BlueTriton Transaction.

Discontinued Operations

On November 2, 2023, Primo entered into a Share Purchase Agreement (the “Purchase Agreement”) with a subsidiary of the Culligan
Group providing for the sale of Carbon Luxembourg S.à.r.l. and certain of its subsidiaries (the “European Business”). On December 29, 2023, Primo completed the sale of the European Business for aggregate deal consideration of
$575.0 million, adjusted for customary purchase price adjustments resulting in total cash consideration of $565.9 million (the “European Divestiture”). The European Divestiture did not include Primo’s interests in Aimia
Foods Limited (“Aimia”), Decantae Mineral Water Limited (“Decantae”), Fonthill Waters Ltd (“Fonthill”), John Farrer & Company Limited (“Farrers”), and the portions of the Eden Springs Netherlands B.V.
business located in the United Kingdom, Israel, and Portugal (collectively the “Other International Businesses”). On June 7, 2024, Primo sold its interest in the Aimia and Farrers businesses, and on July 3, 2024, Primo sold the
Portugal business. The European Business and the Other International Businesses are collectively the “International Businesses.” These deals are a part of several transactions occurring in 2024 as part of a Board-approved plan to sell all
of our international businesses, representing a strategic shift in our operations. Accordingly, the International Businesses are presented herein as discontinued operations.

For all periods presented, the operating results associated with the International Businesses have been reclassified into Net income (loss)
from discontinued operations, net of income taxes in the Consolidated Statements of Operations and the assets and liabilities associated with this business have been reflected as current and long-term assets and liabilities of discontinued
operations in the Consolidated Balance Sheets. Cash flows from the Company’s discontinued operations are presented in the Consolid