Company: PRMB
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0002042694-25-000009
Chunk: 37

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 424B3
Chunk 37
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 which is Other operating expense (income), net in the Condensed Consolidated Statements of Operations. The Company excludes forward points from its assessment of hedge effectiveness and amortizes them on a straight-line basis over the life of the hedging instruments in Other operating expense (income), net in the Condensed Consolidated Statements of Operations. The difference between fair value changes of the excluded component and the amount amortized to Other operating expense (income), net is recorded as a component of AOCI on the Condensed Consolidated Balance Sheets.

The following amounts were recorded on the Condensed Consolidated Balance Sheets related to hedged items as of March 31, 2025 and December 31, 2024:

|                                                                                         | ($ in millions) |                                         | March 31, 2025 |     |   | December 31, 2024 |
|:----------------------------------------------------------------------------------------|:----------------|:----------------------------------------|---------------:|:----|:--|------------------:|
| Line Item in Condensed Consolidated Balance Sheets in Which the Hedged Item Is Included |                 | Carrying Amount of the Hedged Liability |                |     |   |                   |
| Long-term debt, less current portion1                                                   |                 | $                                       |          486.2 |     | $ |             468.7 |

______________________

1. Carrying amount excludes the unamortized debt discounts as of March 31, 2025 a nd December 31, 2024.

The fair value of the Company's derivative liabilities included in Accruals and other current liabilities as of March 31, 2025 and December 31, 2024 was as follows:

|                            | ($ in millions) |             | March 31, 2025 |     |   | December 31, 2024 |
|:---------------------------|:----------------|:------------|---------------:|:----|:--|------------------:|
| Derivative Contract        |                 | Liabilities |                |     |   |                   |
| Foreign exchange contracts |                 | $           |           18.2 |     | $ |              36.0 |

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The amount of gains or (losses) recognized in Other operating expense (income), net in the Condensed Consolidated Statements of Operations for fair value hedging relationships, presented on a pre-tax basis, for the three months ended March 31, 2025 is shown in the table below:

| ($