---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-22-011894"
form_type: "8-K"
ticker: "ADP"
cik: "0000008670"
company_name: "AUTOMATIC DATA PROCESSING INC"
filed_at: "2022-07-01T23:59:59+00:00"
generated_at: "2026-06-24T21:50:15.609357+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# ADP enters into $3.75B 364-day credit facility, replacing prior facility

## Summary
- New $3.75B 364-Day Credit Agreement executed July 1, 2022, replacing prior facility of same size.
- Facility includes competitive advance and revolving credit options, with Term SOFR-based pricing.
- Commitments expire June 30, 2023, with option to extend to June 30, 2024.
- JPMorgan Chase is Administrative Agent; proceeds for general corporate purposes.

## SEC filing metadata
- accession: 0000950103-22-011894
- form_type: 8-K
- ticker: ADP
- cik: 0000008670
- company_name: AUTOMATIC DATA PROCESSING INC
- filed_at: 2022-07-01T23:59:59+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/8670/000095010322011894/0000950103-22-011894-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8670/000095010322011894/dp176549_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-22-011894
- JSON: https://secwatch.observer/filing/0000950103-22-011894.json
- Plain text: https://secwatch.observer/filing/0000950103-22-011894.txt

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