Trimble said it repaid in full all obligations outstanding under the Term Loan Credit Agreement with Bank of America, N.A. as Administrative Agent on April 1, 2024 and terminated the agreement, which is dated December 27, 2022.

1. 01

   Trimble said it repaid in full all obligations outstanding under the Term Loan Credit Agreement with Bank of America, N.A. as Administrative Agent on April 1, 2024 and terminated the agreement, which is dated December 27, 2022.

2. 02

   The company said that as of the repayment date, April 1, 2024, loans with an aggregate principal amount of $1 billion were outstanding under the Term Loan Credit Agreement.

3. 03

   The company said the funds used for the repayment were a portion of the funds it received in connection with the completion of the transactions under the Sale and Contribution Agreement among Trimble, AGCO Corporation and PTx Trimble LLC on April 1, 2024.

4. 04

   The company said the terms of the Term Loan Credit Agreement are described in the Form 8-K it filed on December 30, 2022, and the terms of the A&R Sale and Contribution Agreement are described in the Form 8-K it filed on April 1, 2024.

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