Trimble repays, terminates $1 billion 2022 term loan agreement

By Wendy Van Sickle

Columbus, Ohio, April 3 – Trimble Inc. fully repaid on Monday all of its obligations under its term loan credit agreement dated Dec. 27, 2022, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement was terminated. On the date of the repayment and termination, $1 billion aggregate principal amount of loans had been outstanding.

Bank of America, NA was the administrative agent.

The funds used for the repayment were a portion of the funds received by Trimble in connection with the completion of the transactions contemplated by the sale and contribution agreement among the company, AGCO Corp. and PTx Trimble LLC.

Trimble is an industrial technology company based in Westminster, Colo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.