Form 8-K · Current report
Trimble Inc. 8-K, filed Oct 2, 2026
- Filed
- CIK
- 0000864749
- Accession no.
- 0000864749-26-000111
Summary
Trimble Inc. entered into a $500 million unsecured delayed draw term loan credit agreement on October 2, 2026, with Bank of America, N.A. serving as administrative agent. No term loans had been borrowed at signing; draws are permitted in up to four tranches through January 29, 2027, with borrowed amounts maturing two years after the initial borrowing.
Key points
- The facility's proceeds may be used for general corporate purposes of Trimble and its subsidiaries.
- Undrawn commitments carry a ticking fee of 0.075% to 0.275% per annum accruing from December 1, 2026 until termination, with pricing based on Trimble's credit rating or leverage ratio, whichever is more favorable to the company.
- Borrowings bear interest at the company's option at an alternate base rate plus 0.00%–0.750% or a term SOFR rate plus 0.875%–1.750%.
- The agreement includes a financial covenant requiring maintenance of a maximum leverage ratio, plus customary affirmative, negative, and default provisions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On October 2, 2026, Trimble Inc. (the “Company”) entered into a Term Loan Credit Agreement, by and among the Company, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent (the “2026 Credit Agreement”). The 2026 Credit Agreement provides for an unsecured delayed draw term loan facility in the aggregate principal amount of $500.0 million. As of October 2, 2026 no term loans have been borrowed under the 2026 Credit Agreement. Use of Proceeds. The proceeds of the term loans may be used for general corporate purposes of the Company and its subsidiaries. Borrowings and Repayments. …
An excerpt of the text as filed with the SEC, cut for length.
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