Form 8-K · Current Report · Filed 2024-04-03
Trimble Inc. Fully Repays Term Loan and Terminates Agreement
On April 1, 2024, Trimble Inc. repaid in full the $1 billion aggregate principal amount of its outstanding Term Loan Credit Agreement, dated December 27, 2022, and terminated the agreement. The funds for repayment were sourced from the completion of transactions under the A&R Sale and Contribution Agreement, also dated April 1, 2024.
- Filer
- Trimble Inc. TRMB · NASDAQ
- Filed
- Accession
- 0000864749-24-000075
- CIK
- 0000864749
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Termination of a Material Definitive Agreement
Market reaction
Close before filing
$62.83
Next session
-2.1%
Since filing
-5.3%
Latest close
$59.47
What happened, not what will happen — closing prices around the filing date.
About Trimble Inc.
Trimble Inc. is a technology company that develops positioning and productivity solutions for various industries. It focuses on connecting the physical and digital worlds through advanced integrated solutions. Trimble's portfolio includes industries like agriculture, construction, geospatial, transportation, and natural resources, where accurate positioning and measurement are crucial. The company offers products such as GPS receivers, laser rangefinders, unmanned aerial vehicle systems, and software tools. Founded in 1978 and headquartered in Sunnyvale, California, Trimble has consistently contributed to technological advancements by providing systems that improve productivity, quality, safety, and compliance. Trimble's solutions are vital in automating and streamlining workflows, thus fostering efficiency and innovation across sectors. Its presence is felt globally as it enables businesses to make data-driven decisions, promoting sustainable practices and operational intelligence.
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