---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-22-010274"
form_type: "8-K"
ticker: "ADP"
cik: "0000008670"
company_name: "AUTOMATIC DATA PROCESSING INC"
filed_at: "2022-06-08T23:59:59+00:00"
generated_at: "2026-06-25T03:44:30.824824+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# ADP amends 364-day credit agreement, extending termination date to July 1, 2022

## Summary
- Extension of termination date for consenting lenders to July 1, 2022 under existing $3.75B 364-day facility; no change in commitment amount.
- Amends interest rate benchmarks from LIBOR to SOFR-based rates (Adjusted Daily Simple SOFR and Adjusted Term SOFR Rate).
- Amendment executed on June 7, 2022 with lenders including JPMorgan, Bank of America, BNP Paribas, Wells Fargo, and others.
- Proceeds for general corporate purposes, including refinancing of existing indebtedness.

## SEC filing metadata
- accession: 0000950103-22-010274
- form_type: 8-K
- ticker: ADP
- cik: 0000008670
- company_name: AUTOMATIC DATA PROCESSING INC
- filed_at: 2022-06-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8670/000095010322010274/0000950103-22-010274-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8670/000095010322010274/dp174897_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-22-010274
- JSON: https://secwatch.observer/filing/0000950103-22-010274.json
- Plain text: https://secwatch.observer/filing/0000950103-22-010274.txt

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