---
schema_version: "secwatch.filing_event.v1"
accession: "0000723531-21-000038"
form_type: "8-K"
ticker: "PAYX"
cik: "0000723531"
company_name: "PAYCHEX INC"
filed_at: "2021-09-20T23:59:59+00:00"
generated_at: "2026-06-29T02:47:22.180504+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Paychex increases revolving credit facility to $750M, extends maturity to 2026

## Summary
- 2017 credit facility increased from $500M to $750M; maturity extended from Aug 2022 to Sep 2026.
- Borrower may request two additional one-year extensions beyond 2026, subject to lender consent.
- Interest rate provisions amended to address LIBOR phase-out; CBR/RFR spread added.
- ESG pricing incentives may be added if environmental, social, governance targets are agreed by Sep 2023.
- 2019 $1.0B credit facility also amended for LIBOR transition and potential ESG pricing, but size unchanged.

## SEC filing metadata
- accession: 0000723531-21-000038
- form_type: 8-K
- ticker: PAYX
- cik: 0000723531
- company_name: PAYCHEX INC
- filed_at: 2021-09-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723531/000072353121000038/0000723531-21-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723531/000072353121000038/payx-20210917x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723531-21-000038
- JSON: https://secwatch.observer/filing/0000723531-21-000038.json
- Plain text: https://secwatch.observer/filing/0000723531-21-000038.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.