Company: PRMB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0002042694-25-000007
Chunk: 14

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 14
---
 and liabilities of discontinued operations classified as held for sale included in the  Condensed Consolidated Balance Sheets were $184.8 million and $113.3 million, respectively.Continuing Operations Assets Held for SaleIn October 2024, the Company's management approved the sale of a production facility in Ontario, Canada. As of December 31, 2024, $45.9 million in assets held for sale related to this production facility were classified in Current assets held for sale in the Consolidated Balance Sheets. The Company closed on the sale of the facility and associated assets on January 31, 2025, resulting in an insignificant loss on the transaction.

NOTE 5—INVENTORIES

The following table presents the components of Inventories in the Condensed Consolidated Balance Sheets as of the periods presented:($ in millions)March 31, 2025December 31, 2024Raw and packaging materials and semi-finished goods$131.2$117.8Finished goods121.090.6Total inventories$252.2$208.4

18

Table of Contents

NOTE 6—DEBT

The following table summarizes Long-term debt in the Condensed Consolidated Balance Sheets as of the periods presented:($ in millions)March 31, 2025December 31, 2024Term Loans$3,090.9 $3,098.6 6.250% Senior Notes 1712.8 713.0 3.875% Senior Notes 1,2469.0 459.8 4.375% Senior Notes 1,2708.5 710.0 Revolving Credit Facility— — Finance leases107.0 100.2 Other 322.6 11.4 Unamortized debt costs and discounts(66.2)(64.9)Total debt$5,044.6 $5,028.1 Less: current portion of long term debt67.9 64.5 Long-term debt, less current portion$4,976.7 $4,963.6 ______________________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 Notes as defined below. The March 31, 2025 balances for the 3.875% Senior Notes and the 4.375%