Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 296

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 296
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            | 3,482.6 |   |     | $ | 3,392.0 |   |
| Less: Current portion of long term debt |     |              |    31.9 |   |     |   |    28.0 |   |
| Long-term debt, less current portion    |     | $            | 3,450.7 |   |     | $ | 3,364.0 |   |

The following table summarizes the principal maturities of debt, excluding finance lease obligations and unamortized debt costs (in millions):

| Year Ended December 31, 
 2024                    |     | Amount |    30.1 |
|:------------------------|:----|:-------|--------:|
| 2025                    |     |        |    30.3 |
| 2026                    |     |        |   120.0 |
| 2027                    |     |        |    28.0 |
| 2028                    |     |        | 2,618.6 |
| Thereafter              |     |        |   713.0 |

During June 2023, the Company executed LIBOR transition amendments for both the Term Loans and the Revolver. The primary provision of these amendments was to replace LIBOR based interest rate calculations with Secured Overnight Financing Rate (“SOFR”) based interest rate calculations. In accordance with ASU 2020-04,the Company is eligible for, and has elected to, deploy the practical expedient that allows for relief from certain contract modification requirements deemed not substantial per the standard. The execution of the transition amendments contained in ASU 2020-04did not have a significant impact on the Company’s Consolidated Financial Statements. Term Loans On March 31, 2021, the Company entered into a credit agreement (the “First Lien Credit Agreement”) with the lenders party thereto for $2.6 billion of initial term loans (“Original Term Loans”) as a first lien secured credit facility which matures on March 31, 2028. The proceeds of such term loans were used to finance the Company’s acquisition of NWNA. On December 9, 2021, the Company entered into the First Amendment to the First Lien Credit Agreement for an additional $250 million of term loans (“New Term Loans”). The Company did not repay any of the Original Term Loans with the additional borrowings and accounted for the amendment as a modification. The New