Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 157

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 157
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 current earnings results in minimal or no tax consequences.

A
dividend of $0.08 per common share was declared during each quarter of 2023 for an aggregate dividend payment of approximately $51.8 million. A dividend payment of $0.09 per common share was declared during each of the first, second, and third
quarters of 2024 for an aggregate dividend payment of approximately $43.9 million. The board of Primo Water also declared a special dividend of $0.82 per common share on October 15, 2024 in connection with the Transaction, which was paid
on November 21, 2024.

The Primo Water Revolving Credit Facility and debt capital markets transactions are described under
“—Other Liquidity Matters—Debt” below.

Off-BalanceSheet Arrangements

Primo Water had no off-balance sheet arrangements as of September 28, 2024.

Other Liquidity Matters

Primo Water
expects capital spending during the fiscal year ended December 28, 2024 to be approximately $153.6 million. Capital spending will be monitored and controlled as the year progresses. Primo Water expects to use operating cash flows to
satisfy capital spending.

105

The following table shows the schedule of future payments under certain contracts, including debt agreements and guarantees, as of December 30, 2023:

|                              |     | Total                         
 2024                          
 (in millions of U.S. dollars) |        |     | Payments due by period 
 2025                   |       |     | 2026 |       |     | 2027 |      |     | 2028 |      |     | Thereafter |       |     |   |       |
|:-----------------------------|:----|:------------------------------|-------:|:----|:-----------------------|------:|:----|:-----|------:|:----|:-----|-----:|:----|:-----|-----:|:----|:-----------|------:|:----|:--|------:|
| Primo 2028 Notes             |     | $                             |  499.4 |     | $                      |     — |     | $    |     — |     | $    |    — |     | $    |    — |     | $          | 499.4 |     | $ |     — |
| Primo 2029 Notes             |     |                               |  750.0