---
schema_version: "secwatch.filing_event.v1"
accession: "0000864749-24-000075"
form_type: "8-K"
ticker: "TRMB"
cik: "0000864749"
company_name: "TRIMBLE INC."
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T03:10:06.313148+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Trimble repays $1B term loan, terminates credit agreement with proceeds from AGCO/PTx deal

## Summary
- Repaid $1 billion aggregate principal under Term Loan Credit Agreement on April 1, 2024; agreement terminated.
- Funds came from completion of Sale and Contribution Agreement with AGCO Corporation and PTx Trimble LLC.
- Term Loan Credit Agreement originally dated December 27, 2022, with Bank of America as administrative agent.
- Repayment eliminates $1B debt, reducing leverage and interest expense going forward.

## SEC filing metadata
- accession: 0000864749-24-000075
- form_type: 8-K
- ticker: TRMB
- cik: 0000864749
- company_name: TRIMBLE INC.
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864749/000086474924000075/0000864749-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864749/000086474924000075/trmb-20240401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000864749-24-000075
- JSON: https://secwatch.observer/filing/0000864749-24-000075.json
- Plain text: https://secwatch.observer/filing/0000864749-24-000075.txt

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