Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 82

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 82
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 information. |

| (4) | Deferred taxes associated with the incremental differences in book and tax basis created from the preliminary 
 purchase price allocation were calculated using an estimated tax rate of 25.9%.                               |

The historical balances of Primo Shares, additional paid-incapital and accumulated other comprehensive loss of $1,311.1 million, $91.2 million and ($113.9) million, respectively, were derecognized, as well as its retained earnings, comprising the historical retained earnings of $194.5 million, and the impact to retained earnings of pro forma adjustments related to the $26.1 million returnable bottles and recognition of $131.5 million one-timespecial dividend (see adjustments 3(c) and 3(h), respectively). The final determination of the purchase price allocation of the business acquisition will be based on Primo Water’s net assets acquired as of the acquisition date. The purchase price allocation may change materially based on the receipt of more detailed information. Therefore, the actual allocations may differ from the pro forma adjustments presented.

| (f) | To reflect the payment of $132.7 million of estimated                                                                                                                                                                                 
 non-recurring incremental transaction costs of BlueTriton, including advisory, printing, legal and accounting services that are not recorded as of September 30, 2024, as an increase to accumulated                                  
 deficit. This estimate may change as additional information becomes known. The Transaction is not expected to have a recurring impact. Costs of $22.3 million have been accrued in the historical financial statements of BlueTriton. |

| (g) | Reflects a one-time special dividend to holders of BlueTriton Shares      
 immediately prior to the Closing in an aggregate amount of $65.9 million. |

| (h) | Reflects a one-time special dividend to holders of Primo Shares                                                                                
 immediately prior to the Closing in an aggregate amount of $131.5 million, which does not include accrued dividends on unvested equity awards. |

| (i) | Reflects the conversion of all BlueTriton Shares issued and outstanding immediately prior to the Transaction                          
 into 154,105,789 Class A common stock and 64,512,579 Class B common stock, with a corresponding entry in accumulated paid-in capital. |

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The pro forma notes and adjustments, based on preliminary estimates that could change materially as additional information is obtained, are as follows: Pro Forma Notes

Pro Forma Transaction Accounting Adjustments

| (