secwatch.observer — SEC 8-K summary
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Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0000950103-22-011894
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000095010322011894/0000950103-22-011894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000095010322011894/dp176549_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-011894

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer