Trimble enters $500 million delayed-draw term loan agreement with Bank of America
TRMB•Trimble entered an unsecured $500 million delayed-draw term loan agreement led by Bank of America on Oct. 2, with no borrowings outstanding that day.
1. Loan facility terms
Trimble can make up to four draws through Jan. 29, 2027, for general corporate purposes; undrawn commitments terminate after that date, and repaid amounts cannot be reborrowed. Loans mature two years after the initial borrowing date, with pricing tied to the base rate or term SOFR plus a margin; a fee on undrawn commitments starts Dec. 1, 2026.
