Trimble signs $500 million unsecured delayed draw term loan credit agreement
On October 2, 2026, Trimble entered a credit agreement with Bank of America as administrative agent for an unsecured delayed draw term loan of $500.0 million. No loans had been borrowed as of that date, and the company may draw in up to four borrowings through January 29, 2027, after which undrawn commitments terminate. The facility gives Trimble access to committed funds for general corporate purposes, and any borrowings would become debt that must be repaid under the terms of the agreement.
Key points
- Facility size: $500.0 million unsecured delayed draw term loan, agreed October 2, 2026
- No term loans borrowed as of October 2, 2026; up to four draws permitted on or before January 29, 2027
- Term loans mature two years after the initial borrowing date; ticking fee of 0.075% to 0.275% per annum accrues from December 1, 2026
- Interest at term SOFR plus a margin of 0.875% to 1.750%, or an alternate base rate option
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.