---
schema_version: "secwatch.filing_event.v1"
accession: "0000864749-22-000205"
form_type: "8-K"
ticker: "TRMB"
cik: "0000864749"
company_name: "TRIMBLE INC."
filed_at: "2022-12-30T23:59:59+00:00"
generated_at: "2026-06-20T21:43:46.420816+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Trimble enters $1.0B term loan facility to finance acquisition of TP Holding and Sixfold

## Summary
- Unsecured delayed draw term loan of $1.0B: $500M 3-year and $500M 5-year tranches.
- Proceeds to fund acquisition of TP Group Holding GmbH and Sixfold GmbH per Dec 11, 2022 SPA.
- Amendment to $1.25B revolver makes $600M available for acquisition and increases max leverage ratio.
- Interest rates based on credit rating: Term SOFR + 1.125%-2.125% or base rate + 0.125%-1.125%.
- Covenants include maximum leverage and minimum interest coverage ratio maintenance.

## SEC filing metadata
- accession: 0000864749-22-000205
- form_type: 8-K
- ticker: TRMB
- cik: 0000864749
- company_name: TRIMBLE INC.
- filed_at: 2022-12-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864749/000086474922000205/0000864749-22-000205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864749/000086474922000205/trmb-20221227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000864749-22-000205
- JSON: https://secwatch.observer/filing/0000864749-22-000205.json
- Plain text: https://secwatch.observer/filing/0000864749-22-000205.txt

## Key facts
- Debt Financings
  TRIMBLE INC. incurred term loan of $1.0 billion with Bank of America, N.A. maturing third anniversary of funding date for 3-Year Tranche loans; fifth anniversary of funding date for 5-Year Tranche loans.
  - Instrument: term loan
  - Principal: $1.0 billion
  - Counterparty: Bank of America, N.A.
  - Maturity: third anniversary of funding date for 3-Year Tranche loans; fifth anniversary of funding date for 5-Year Tranche loans
  - Event: incurrence
  source text: The Term Loan Credit Agreement provides for an unsecured delayed draw term loan facility in the aggregate principal amount of $1.0 billion, comprised of a 3-year tranche in the amount of $500.0 million (the “3-Year Tranche”) and a 5-year tranche in the amount of $500.0 million (the “5-Year Tranche”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/864749/000086474922000205/0000864749-22-000205-index.htm
- Material Agreements
  TRIMBLE INC. entered into Term Loan Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders from time to time party thereto valued at $1.0 billion (effective 2022-12-27).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, and the lenders from time to time party thereto
  - Value: $1.0 billion
  - Effective: 2022-12-27
  source text: On December 27, 2022, 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 “Term Loan Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/864749/000086474922000205/0000864749-22-000205-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.