Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 210

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 210
---

Table of Contents

Water Intermediate, Inc. ("Intermediate Holdings") and the lenders thereto entered into on March 31, 2021 which provided for up to $350 million of revolving loan commitments, (ii) repaid all amounts outstanding, and terminated commitments, under Primo Water's prior revolving credit facility (the "Original Revolving Credit Facility"), and (iii) entered into an amendment, which amended the credit agreement governing the Term Loans to, among other things, (x) reprice the Term Loans and to make related changes to effect such repricing, and (y) provide for a new revolving credit facility (the “Revolving Credit Facility,” and the transactions referred to in clauses (i) through (iii), the “Credit Facilities Transactions,” and, the Credit Facilities Transactions, together with the Exchange Offers, collectively, the “Refinancing Transactions”).

Debt

The following table summarizes our total debt in the Condensed Consolidated Balance Sheets as of the periods presented:

($ in millions)September 30, 2025December 31, 2024Term Loans$3,075.4 $3,098.6 6.250% Senior Notes 1712.8 713.0 3.875% Senior Notes 1, 2509.9 459.8 4.375% Senior Notes 1, 2712.7 710.0 Revolving Credit Facility— — Finance leases112.0 100.2 Other20.7 11.4 Unamortized debt costs and discounts(56.6)(64.9)Total debt$5,086.9 $5,028.1 Less: current portion of long term debt71.0 64.5 Long-term debt, less current portion$5,015.9 $4,963.6 

______________________

1  The December 31, 2024 balances for the 3.875% Senior Notes, the 4.375% Senior Notes and the 6.250% Senior Notes represent the original unsecured notes as defined below. The September 30, 2025 balances for the 3.875% Senior Notes and the 4.375% Senior Notes represent the exchanged secured notes as described below. The September 30, 2025 balance for the 6.250% Senior Notes represents the exchanged unsecured notes as described below. 

2  The outstanding aggregate principal