Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 174

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 174
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2023, the Company recorded an associated payable of $2.1 million and $1.5 million, respectively, related to the unpaid portion of these purchases.

NOTE 25—SUBSEQUENT EVENTS 

On February 20 2025, the Board of Directors declared a dividend of $0.10 per share on the outstanding Class A common stock of the Company, payable in cash on March 24, 2025 to stockholders of record at the close of business on March 7, 2025.On January 27, 2025, the Company commenced separate private offers to exchange three series of outstanding senior notes for three new series of senior notes to be co-issued by Primo Issuer and Triton Water Holdings and cash. The private offers expired on February 25, 2025. The Company received consents to amend indentures, eliminating substantially all of the restrictive covenants, certain default provisions, and releasing certain guarantor obligations. Upon receipt of requisite consents, all Class B common stock was converted to Class A common stock. Concurrently, the Company repaid and 

F-47

terminated the ABL Credit Facility and Revolving Credit Facility, established a new $750.0 million revolving credit facility and repriced the Term Loans.

F-48

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS($ in millions)For the Year Ended December 31, 2024DescriptionBalance at Beginning of YearReduction in SalesCharged to Costs and ExpensesCharged to Other AccountsDeductions1Balance at End of YearReserves deducted in the balance sheet from the asset to which they applyAllowances for losses on:Trade receivables$3.4 $— $12.6 $— $(11.3)$4.7 Deferred tax assets— — 0.8 49.0 — 49.8 $3.4 $— $13.4 $49.0 $(11.3)$54.5 ($ in millions)For the Year Ended December 31, 2023DescriptionBalance at Beginning of YearReduction in SalesCharged to Costs and ExpensesCharged to Other AccountsDeductions1Balance at End of YearReserves deducted in the balance sheet from the asset to which they applyAllowances for losses on:Trade receivables$3.7 $— $14.1 $— $(14.4)$3.4