TRMB: Material agreement · New financial obligation

Item 1.01 Entry into a Material Definitive Agreement. On October 2, 2026, Trimble Inc. (the “ Company ”) entered into a Term Loan Credit Agreement, by and among the Company, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent (the “ 2026 Credit Agreement ”). The 2026 Credit Agreement provides for an unsecured delayed draw term loan facility in the aggregate principal amount of $500.0 million. As of October 2, 2026 no term loans have been borrowed under the 2026 Credit Agreement. Use of Proceeds. The proceeds of the term loans may be used for general corporate purposes of the Company and its subsidiaries. Borrowings and Repayments. The Company may borrow term loans under the 2026 Credit Agreement in up to four draws on or prior to January 29, 2027, after which the undrawn commitments will automatically and permanently terminate. Amounts borrowed that are repaid or prepaid may not be reborrowed. The term loans will mature on the date that is two years after the initial borrowing date, at which time all outstanding term loans, together with all accrued and unpaid interest, must be repaid. Term loans may be prepaid and the unutilized term loan commitments may be permanently reduced by the Company in whole or in part, subject to certain minimum thresholds, without penalty or premium, subject to customary interest breakage costs for term SOFR loans. Fees and Interest Rates. The Company will pay a ticking fee on the daily amount of the undrawn commitments under the 2026 Credit Agreement, accruing from December 1, 2026 to but excluding the date the commitments are terminated, ranging from 0.075% to 0.275% per annum, depending on either the Company’s credit rating at such time or the Company’s leverage ratio as of its most recently ende