Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 86

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 86
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 the reclassification from selling, 
 general and administrative expenses to cost of sales to conform Primo Water’s accounting policy to that of BlueTriton.                                                                                        |

| (f) | To reflect reclassifications to provide a consistent classification and presentation to BlueTriton’s 
 financial statement presentation.                                                                    |

| (g) | To reflect the incremental amortization of identifiable intangible assets acquired in the Transaction (see note 
 3(e)).                                                                                                          |

| (h) | To reflect income tax related to the pro forma adjustments using a blended statutory rate inclusive of U.S. 
 federal and state taxes.                                                                                    |

The pro forma notes and adjustments, based on preliminary estimates that could change materially as additional information is obtained, are as follows: Pro Forma Notes

52

Pro Forma Transaction Accounting Adjustments

| (c) | BlueTriton capitalizes commission expenses that are incremental costs to obtaining customer contracts. Contract                                                                                                                                         
 acquisition costs are generally expensed over a period of 12 months. As Primo Water expenses these costs over four years, this adjustment reflects the net change in the amount of deferred costs amortized during the period to conform to BlueTriton. |

| (d) | BlueTriton expenses costs for returnable bottles as incurred. As Primo Water capitalizes these costs in                                           
 property, plant and equipment, this adjustment reflects the net change in the amount of cost of sales during the period to conform to BlueTriton. |

| (e) | BlueTriton records storage and handling expenses in cost of sales. As Primo Water has an accounting policy to                                                                                                 
 record certain shipping and handling costs incurred to deliver products to the end-user consumer in selling, general and administrative expenses, this adjustment reflects the reclassification from selling, 
 general and administrative expenses to cost of sales to conform Primo Water’s accounting policy to that of BlueTriton.                                                                                        |

| (f) | To reflect reclassifications to provide a consistent classification and presentation to BlueTriton’s 
 financial statement presentation.                                                                    |

| (g) | To reflect BlueTriton’s estimated incremental advisory, legal, accounting, and other professional fees of                                                                                                                                  
 $132.7 million related to the Transaction. This estimate may change as additional information becomes known. Primo Water’s incremental advisory, legal, accounting, and other professional fees not included in the Transaction Accounting 
 Adjustments are estimated at $68.0 million.                                                                                                                                                                                                |

| (h) | To