Company: PRMB
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0002042694-25-000009
Chunk: 38

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 424B3
Chunk 38
---
 in millions)                                      |     | March 31, 2025 |       |
|:-----------------------------------------------------|:----|:---------------|------:|
| Foreign exchange contracts                           |     |                |       |
| Hedged item                                          |     | $              | -17.5 |
| Derivative designated as hedging instrument          |     | $              |  17.5 |
| Amount reclassified from AOCI to expense (amortized) |     | $              |  -2.3 |

The amount of gains or (losses), net of tax, recognized in the Condensed Consolidated Statements of Comprehensive Income for fair value hedging relationships for the three months ended March 31, 2025 is shown in the table below:

| ($ in millions)                                       |     | March 31, 2025 |     |
|:------------------------------------------------------|:----|:---------------|----:|
| Foreign exchange contracts                            |     |                |     |
| Amount excluded from the assessment of effectiveness1 |     | $              | 0.3 |

______________________

1. Amount is net of tax expense of $0.1 million for the three months ended March 31, 2025.

There were no settlements of the Company's foreign exchange contracts during the three months ended March 31, 2025.

#### Economic (Non-Designated) Hedging Strategy
In addition to derivative instruments that have been designated and qualify for hedge accounting, the Company also uses certain derivatives as economic hedges of commodity exposure. Although these derivatives were not designated and/or did not qualify for hedge accounting, they are effective economic hedges. The changes in the fair values of economic hedges are immediately recognized in earnings.

As of March 31, 2025 and December 31, 2024, the fair value of the Company's commodity forwards were liabilities of $4.3 million and $5.4 million, respectively, which are recorded in Accruals and other current liabilities on the Condensed Consolidated Balance Sheets. The change in fair value of the commodity forwards is reflected within Other operating expense (income), net in the Condensed Consolidated Statements of Operations.

<div align='center'>30</div>

#### NOTE 13—FAIR VALUE MEASUREMENTS
The following tables summarize the fair values of financial instruments:

|                                      |     | March 31, 2025 |      |     |         |      |     |         |      |     |         |