Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 325

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 325
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 using the effective interest method over a period of eight years, which represents the term to maturity of the Senior Notes. At
September 30, 2024 and December 31, 2023, unamortized debt issuance costs related to the Senior Notes were $11.0 million and $12.6 million, respectively.

Revolver

Pursuant to its asset-based credit
agreement with the lenders party thereto, the Company maintains a Revolving Credit Facility (the “Revolver”) which expires on March 31, 2026. At September 30, 2024 and December 31, 2023 , there were no amounts outstanding
and $90.0 million outstanding, respectively. The unamortized debt issuance costs related to the Revolver were $1.9 million and $2.7 million as of September 30, 2024 and December 31, 2023, respectively, and are classified as
a component of other non-current assets.

The borrowing capacity is determined monthly based on a calculation
taking into account certain current assets and liabilities of the Company. Amounts available for borrowing are reduced by letters of credit outstanding.

F-60

The following table summarizes amounts available for borrowing under the Revolver (in millions):

|                                     |     |   | September 30, 
          2024 
   (Unaudited) |   |     |   | December 31, 
         2023 |   |
|:------------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| Revolver availability:              |     |   |               |   |     |   |              |   |
| Gross availability                  |     | $ |         350.0 |   |     | $ |        350.0 |   |
| Less: Outstanding letters of credit |     |   |         (52.0 | ) |     |   |        (45.2 | ) |
| Net availability                    |     |   |         298.0 |   |     |   |        304.8 |   |
| Borrowings                          |     |   |             — |   |     |   |        (90.0 | ) |
| Available borrowing capacity        |     | $ |         298.0 |   |     | $ |        214.8 |   |

The Company is required to pay a commitment fee ranging from