Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 176

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 176
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 2024($ in millions)Carrying ValueFair ValueCarrying ValueFair ValueTerm Loans$3,083.1 $3,098.5 $3,098.6 $3,121.8 6.250% Senior Notes 1712.8 719.9 713.0 709.4 3.875% Senior Notes 1508.9 516.7 459.8 459.9 4.375% Senior Notes 1710.6 725.8 710.0 701.2 Non-tendered Original Senior Notes13.2 13.0 — — Total$5,028.6 $5,073.9 $4,981.4 $4,992.3 1   The December 31, 2024 balances for the 6.250% Senior Notes, 3.875% Senior Notes and the 4.375% Senior Notes represent the Original Notes as defined in Note 7 - "Debt". The balances as of June 30, 2025 for the 6.250% Senior Notes,  3.875% Senior Notes and the 4.375% Senior Notes represent the New Notes as described in Note 7 - "Debt". The fair value of the Term Loans is estimated using quoted market prices for similar issues and are categorized within Level 2 of the fair value hierarchy. The fair values of the 6.250% Senior Notes, 3.875% Senior Notes, and 4.375% Senior Notes are based on the trading levels and bid/offer prices observed by a market participant and are categorized within Level 2 of the fair value hierarchy.Given the variable interest rates, the carrying values of the Revolving Credit Facility and other debts approximate their fair values.

NOTE 15—SEGMENT REPORTING

Primo Brands operates as a single segment. The Company has a comprehensive portfolio of highly recognizable and conveniently packaged branded water and beverages that reach consumers whenever, wherever, and however they hydrate through distribution across retail outlets, away from home such as hotels and hospitals, and food service accounts, as well as direct delivery to homes and businesses. These brands include established “billion-dollar brands” Poland Spring® and Pure Life®, premium brands like Saratoga® and Mountain Valley®, regional leaders such as Arrowhead®, Deer Park®, Ice Mountain®, Ozarka®, and Zephyrhills®, purified brands including