Financing ·
Trimble enters $500M unsecured delayed draw term loan facility for general corporate purposes
TRMBTrimble Inc.
On October 2, 2026, Trimble Inc. entered into a Term Loan Credit Agreement providing for an unsecured delayed draw term loan facility with an aggregate principal amount of $500.0 million. As of the filing date, no amounts have been borrowed under this facility. The company may borrow in up to four draws on or prior to January 29, 2027, after which undrawn commitments will terminate. Borrowings mature two years after the initial borrowing date and bear interest at SOFR plus a margin of 0.875% to 1.750%, or an alternate base rate plus a margin of 0.00% to 0.750%. Proceeds are designated for general corporate purposes, subject to customary covenants including a maximum leverage ratio restriction. Trimble Inc. operates in the technology industry, providing positioning, modeling, and data analytics solutions for various industries.