Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 163

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 163
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 the Original Notes were eliminated.The Company was in compliance with all covenants as of June 30, 2025.The following tables summarize amounts available for borrowing under the revolving credit facilities as of the periods presented:June 30, 2025($ in millions)Revolving Credit FacilityRevolver availability:Revolver committed availability$750.0Less: Outstanding letters of credit(138.0)Net availability612.0Borrowings—Available borrowing capacity$612.0 December 31, 2024($ in millions)ABL Credit FacilityOriginal Revolving Credit AgreementTotalRevolver availability:Gross 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 

NOTE 8—STOCKHOLDERS' EQUITY 

Preferred StockAs of June 30, 2025, the Company's Amended and Restated Certificate of Incorporation (the "Certificate") authorized the issuance of 100,000,000 shares of preferred stock, par value $0.01 per share. As of June 30, 2025 and December 31, 2024, there were no shares of preferred stock issued or outstanding.

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Shares of preferred stock may be issued from time to time in one or more series by the Company's Board of Directors and the Board of Directors is responsible for establishing the designation of such series and the number of shares to be included in such series and fixing the terms of such series, the voting powers (full or limited, or no voting powers), preferences and relative, participating, optional or other special rights, and the qualifications, limitations or restrictions thereof, of the shares of each such series, including without limitation thereof, dividend rights, conversion rights, redemption privileges and liquidation preferences.Common StockAs of June 30, 2025, the Company's Certificate authorized the issuance of 800,000,000 shares of Class A common stock, par value $0.01 per share and 100,000,000 shares of Class B common stock, par value $0.01 per share.During the six months ended June 30, 2025, the Sponsor Stockholder (as defined in the Explanatory Note)