Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 116

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 116
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3.0)(1.2)Proceeds from settlement of split-dollar life insurance contracts2.43.015.6Other investing activities1.20.1—Net cash provided by (used in) investing activities of continuing operations468.6(217.6)(319.4)

The accompanying notes are an integral part of these consolidated financial statements

F-9

PRIMO BRANDS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

For the Year Ended December 31,($ in millions)202420232022Cash flows from financing activities of continuing operations:Proceeds from 2024 Incremental Term Loan, net of discount392.0——2024 Incremental Term Loan debt issuance costs(5.1)——Proceeds from borrowings from Revolver25.0175.0—Repayment of borrowings from Revolver(115.0)(85.0)—Repayment of Term Loans and Senior Notes(32.0)(28.0)(75.0)Proceeds from borrowings of other debt8.37.0—Principal repayment of other debt(3.5)—(0.1)Principal payment of finance leases(8.2)(1.1)—Issuance of common shares1.93.3—Common shares repurchased and cancelled(10.4)——Capital contributions——2.4Redemption of preferred stock—(183.6)(66.4)Dividends paid on preferred stock—(49.9)(8.6)Dividends paid to common stockholders(35.7)——Dividends paid to Primo Water stockholders(131.5)——Dividends paid to Sponsor Stockholder(448.6)——Other financing(0.1)——Net cash used in financing activities of continuing operations(362.9)(162.3)(147.7)Cash flows from discontinued operations:Net cash provided by operating activities from discontinued operations3.4——Net cash provided by investing activities from discontinued operations5.8——Net cash used in financing activities from discontinued operations(3.5)——Net cash provided by discontinuing operations5.7——Effect of exchange rates on cash, cash equivalents, and restricted cash(1.5)0.2(0.2)Net increase (decrease) in cash, cash equivalents and restricted cash$573.7$(58.8)$(359.0)Cash, cash equivalents, and restricted cash at beginning of period47