Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 361

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 361
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 Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are prioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

| • |     | Level 1—Quoted prices in active markets for identical assets or liabilities. |

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| • |     | Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for                                                                                                                                     
 similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. |

| • |     | Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to                                                                             
 the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. |

Fair Value of Financial Instruments The carrying amounts reflected in the Consolidated Balance Sheets for cash and cash equivalents, receivables, payables, short-term borrowings and long-term debt approximate their respective fair values, except as otherwise indicated. The carrying values and estimated fair values of our significant outstanding debt as of December 30, 2023 and December 31, 2022 were as follows:

|                                     |     |                | December 30, 2023 |     |            |         |     |                | December 31, 2022 |     |            |         |
|:------------------------------------|:----|:---------------|------------------:|:----|:-----------|--------:|:----|:---------------|------------------:|:----|:-----------|--------:|
| (in millions of U.S. dollars)       |     | Carrying Value |                   |     | Fair Value |         |     | Carrying Value |                   |     | Fair Value |         |
| 3.875% senior notes due in 20281, 2 |     | $              |             494.6 |     | $          |   477.5 |     | $              |             473.5 |