Primo Brands refinances $3.09B term loan to 2031 maturity at SOFR+2.75%

Primo Brands Corp

Entered Fifth Amendment to Credit Agreement, refinancing existing March 2028 term loan with $3.09B Refinancing Term Facility maturing March 2031.
Interest rate is SOFR + 2.75% margin, with 0.50% SOFR floor; quarterly amortization of 1% per annum.
Proceeds used to repay existing term loans and pay related fees, commissions, and expenses.
Soft call provision: 1% prepayment premium if repricing event occurs within six months of March 31, 2026 closing date.

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