Trimble signs $500M delayed-draw term loan maturing two years after first borrowing

TRIMBLE INC.

Trimble Inc. entered a $500.0 million unsecured delayed-draw term loan credit agreement on October 2, 2026 with Bank of America as administrative agent; no term loans borrowed as of that date.
Borrowings can be made in up to four draws on or before January 29, 2027; undrawn commitments terminate after that date. Loans mature two years after initial borrowing.
Pricing is tied to credit rating or leverage: Term SOFR loans pay SOFR plus 0.875%-1.750%; ABR loans pay alternate base rate plus 0.00%-0.750%; undrawn ticking fee is 0.075%-0.275%.
Proceeds may be used for general corporate purposes; the facility includes a maximum leverage ratio covenant and negative covenants restricting liens and subsidiary indebtedness.

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