{"id":38820,"date":"2022-12-30T15:46:33","date_gmt":"2022-12-30T15:46:33","guid":{"rendered":"https:\/\/www.brandon.ddtest.info\/multisite-test\/trimble-raises-1-billion-in-debt-on-heels-of-acquisition\/"},"modified":"2022-12-30T15:46:33","modified_gmt":"2022-12-30T15:46:33","slug":"trimble-raises-1-billion-in-debt-on-heels-of-acquisition","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/trimble-raises-1-billion-in-debt-on-heels-of-acquisition\/","title":{"rendered":"Trimble raises $1 billion in debt on heels of acquisition"},"content":{"rendered":"<p> \n<\/p>\n<div data-v-23f1d76c=\"\" data-v-34b0e46a=\"\">\n<p class=\"mdc-article-paragraph\" data-v-02ca9be7=\"\" data-v-34b0e46a=\"\">\n  Trimble Inc. (TRMB) said Friday it raised $1 billion in debt with Bank of America Corp. (BAC)  as it prepares to acquire a logistics software company.  The Colorado-based positions technology company said it entered into a term loan credit agreement for a $1 billion unsecured delayed draw term loan facility. The $1 billion is comprised of a $500 million, three-year tranche and a $500 million five-year tranche. Trimble on Dec. 12 agreed to acquire Germany-based Transporeon, a cloud-based transportation management software platform, for EUR1.88 billion ($2 billion), from seller Hg Capital LLP.  Shares of Trimble are down 42% in 2022, compared to a 33% drop by the Nasdaq . <\/p>\n<p class=\"mdc-article-paragraph\" data-v-02ca9be7=\"\" data-v-34b0e46a=\"\">\n  -Steve Gelsi <\/p>\n<pre class=\"mdc-article-pre\" data-v-776baeb1=\"\" data-v-34b0e46a=\"\">\n <\/pre>\n<p class=\"mdc-article-paragraph\" data-v-02ca9be7=\"\" data-v-34b0e46a=\"\">\n  (END) Dow Jones Newswires<\/p>\n<p class=\"mdc-article-paragraph\" data-v-02ca9be7=\"\" data-v-34b0e46a=\"\">\n  12-30-22 0640ET<\/p>\n<p>Copyright (c) 2022 Dow Jones &amp; Company, Inc.<\/p><\/div>\n\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMicWh0dHBzOi8vd3d3Lm1vcm5pbmdzdGFyLmNvbS9uZXdzL21hcmtldHdhdGNoLzIwMjIxMjMwMjM2L3RyaW1ibGUtcmFpc2VzLTEtYmlsbGlvbi1pbi1kZWJ0LW9uLWhlZWxzLW9mLWFjcXVpc2l0aW9u0gEA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trimble Inc. (TRMB) said Friday it raised $1 billion in debt with Bank of America Corp. (BAC) as it prepares to acquire a logistics software company. The Colorado-based positions technology company said it entered into a term loan credit agreement for a $1 billion unsecured delayed draw term loan facility. The $1 billion is comprised &hellip;<\/p>\n","protected":false},"author":1,"featured_media":38821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/38820"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=38820"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/38820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/38821"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=38820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=38820"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=38820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}