Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 362

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 362
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     | $          |   418.7 |
| 4.375% senior notes due in 20291, 2 |     |                |             742.8 |     |            |   683.1 |     |                |             741.4 |     |            |   642.2 |
| Total                               |     | $              |           1,237.4 |     | $          | 1,160.6 |     | $              |           1,214.9 |     | $          | 1,060.9 |

| 1 | The fair values were based on the trading levels and bid/offer prices observed by a market participant and are 
 considered Level 2 financial instruments.                                                                      |

Non-FinancialAssets Measured at Fair Value on a Non-RecurringBasis In addition to assets and liabilities that are measured at fair value on a recurring basis, we are also required to measure certain items at fair value on a non-recurringbasis. These assets can include goodwill, intangible assets, property, plant and equipment, lease-related right-of-useassets, and long-lived assets that have been reduced to fair value when they are held for sale. If certain triggering events occur, or if an annual impairment test is required, we would evaluate these non-financialassets for impairment. If an impairment were to occur, the asset would be recorded at the estimated fair value, using primarily unobservable Level 3 inputs. During the second quarter of 2022, the assets held for sale of our business in Russia were measured at the lower of carrying value or fair value less costs to sell as discussed in more detail in Note 1 to the Consolidated Financial Statements. The Company’s measurement of fair value less costs to sell was based on the total consideration expected to be received by the Company as outlined in the disposition agreement which is a Level 2 input. During the second quarter of 2022, as a result of the exit of our Russia business and realignment of segments, we identified a triggering event indicating possible impairment of goodwill and intangible assets. See Note 1 to the Consolidated Financial Statements for additional information on goodwill and intangible asset impairment. The determination of the estimated fair values of the reporting units included unobservable Level 3 inputs. We did not identify impairment of our property, plant and equipment, lease-related right-of-useassets, or long-lived assets except as noted above related to the Russia assets held for sale. F-112