Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 15

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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8 3.875% Senior Notes €450.0 €441.9 4.375% Senior Notes $750.0 $746.5 

Substantially concurrently with the Exchange Offers, we (i) repaid all amounts outstanding, and terminated commitments, under the asset based lending revolving credit agreement ("ABL Credit Facility") among Triton Water Holdings and Intermediate Holding 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 

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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)June 30, 2025December 31, 2024Term Loans$3,083.1 $3,098.6 6.250% Senior Notes 1712.8 713.0 3.875% Senior Notes 1, 2508.9 459.8 4.375% Senior Notes 1, 2710.6 710.0 Revolving Credit Facility— — Finance leases116.7 100.2 Other22.1 11.4 Unamortized debt costs and discounts(61.6)(64.9)Total debt$5,092.6 $5,028.1 Less: current portion of long term debt70.4 64.5 Long-term debt, less current portion$5,022.2 $4,963.6 

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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 June