Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 146

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 146
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, investments, and asset dispositions. The Company was in compliance with all covenants as of December 31, 2024.

F-28

Parent GuaranteesUpon consummation of the Transaction, we entered into guarantees of the payment obligations of Primo Issuer with respect to (i) the 3.875% Senior Notes, issued pursuant to that certain Indenture, dated as of October 22, 2020, by and among the Issuer, the guarantors party thereto, BNY Canada, as Canadian trustee, BNY US, as U.S. trustee, and The Bank of New York Mellon, London Branch, as London paying agent , and (ii) the 4.375% Senior Notes, issued pursuant to that certain Indenture, dated as of April 30, 2021, by and among the Issuer, the guarantors party thereto, BNY Canada, as Canadian trustee, and BNY US, as U.S. trustee, paying agent, registrar, transfer agent, and authenticating agent.The following table summarizes amounts available for borrowing under the revolving credit facilities as of the periods presented:December 31, 2024($ in millions)ABL Credit FacilityRevolving Credit AgreementTotalRevolver availability:Revolver committed availability$350.0$350.0$700.0Less: Adjustment for gross availability(14.8)—(14.8)Less: Outstanding letters of credit(51.6)(65.4)(117.0)Net availability283.6284.6568.2Borrowings———Available borrowing capacity$283.6 $284.6 $568.2 December 31, 2023($ in millions)ABL Credit FacilityRevolving Credit AgreementTotalRevolver availability:Gross availability$350.0$—$350.0Less: Outstanding letters of credit(45.2)—(45.2)Net availability304.8—304.8Borrowings(90.0)—(90.0)Available borrowing capacity$214.8 $— $214.8 

NOTE 13—STOCKHOLDERS' EQUITY 

Preferred StockAs of December 31, 2024, the Company's Amended and Restated Certificate of Incorporation (the "Certificate") authorizes the issuance of 100,000,000 shares of preferred stock, par value $0.01 per share. As of December