Trimble prices $800M of 6.100% Senior Notes due 2033 to fund Transporeon acquisition

TRIMBLE INC.

$800M aggregate principal of 6.100% Senior Notes due 2033 priced; net proceeds ~$791.2M.
Proceeds to fund €1.88B Transporeon acquisition and repay existing 4.150% 2023 notes.
Notes subject to special mandatory redemption if Transporeon acquisition not consummated.
Offering expected to close March 9, 2023; joint book-runners: BofA, Wells Fargo, SMBC Nikko, TD Securities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TRIMBLE INC. entered into Underwriting Agreement with BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein valued at $800 million (effective 2023-02-23).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein
Value: $800 million
Effective: 2023-02-23

Exact text from the filing

On February 23, 2023, Trimble Inc. (“Trimble”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which Trimble agreed to issue and sell to the Underwriters $800 million aggregate principal amount of 6.100% Senior Notes due 2033

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TRIMBLE INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-049033

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