Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 322

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 322
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 primarily consist of leases for land and buildings for offices and warehouse space, vehicles, and certain machinery and equipment, and tools, furniture, and other equipment. The following table presents the components of lease expense (unaudited, in millions):

|                                       |     | 2024 | Three Months Ended September 30, |     | 2023 |      |     | 2024 | Nine Months Ended September 30, |     | 2023 |      |
|:--------------------------------------|:----|:-----|---------------------------------:|:----|:-----|-----:|:----|:-----|--------------------------------:|:----|:-----|-----:|
| Operating lease expense               |     | $    |                             27.3 |     | $    | 29.7 |     | $    |                            85.1 |     | $    | 89.7 |
| Short-term and variable lease expense |     |      |                              5.6 |     |      |  2.3 |     |      |                            14.9 |     |      |  6.0 |
| Finance lease related expense:        |     |      |                                  |     |      |      |     |      |                                 |     |      |      |
| Depreciation expense                  |     |      |                              1.9 |     |      |    — |     |      |                             4.1 |     |      |    — |
| Interest on lease liabilities         |     |      |                              0.4 |     |      |    — |     |      |                             1.2 |     |      |    — |
| Total lease expense                   |     | $    |                             35.2 |     | $    | 32.0 |     | $    |                           105.3 |     | $    | 95.7 |

The operating lease expense above is included in the accruals and other current and non-currentliabilities line item on the cash flow statement. F-56

Supplemental cash flow information related to leases was as follows (unaudited, in millions):

| Cash paid for amounts included in the measurement of lease obligations: |     | Nine Months Ended September 30, 
 2024                            |      |     | 2023 |       |
|:------------------------------------------------------------------------|:----|:--------------------------------|-----:|:----|:-----|------:|
| Operating cash