{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-23-001907","form_type":"8-K","ticker":"ADP","cik":"0000008670","company_name":"AUTOMATIC DATA PROCESSING INC","filed_at":"2023-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.489098+00:00","generated_at":"2026-06-13T14:31:27.636191+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"ADP enters $4.25B 364-day & $2.25B five-year credit facilities and amends existing $3.2B facility to SOFR","bullets":["New $4.25B 364-day credit facility replaces prior $3.75B facility; matures June 28, 2024.","New $2.25B five-year credit facility replaces prior $2.75B facility; matures June 30, 2028.","Existing $3.2B five-year facility amended to replace LIBOR with SOFR; matures June 9, 2026.","Total credit capacity remains $9.7B; use of proceeds for general corporate purposes including refinancing."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-23-001907","json":"https://secwatch.observer/filing/0000950142-23-001907.json","markdown":"https://secwatch.observer/filing/0000950142-23-001907.md","text":"https://secwatch.observer/filing/0000950142-23-001907.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8670/000095014223001907/0000950142-23-001907-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8670/000095014223001907/eh230374965_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T14:31:27.636191+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"42380f297ea32dc68460390cbbd20cef06e2464e","claim":"AUTOMATIC DATA PROCESSING INC incurred credit facility of $4,250,000,000 with a group of lenders at floating rate per annum based on margin over Term SOFR-based rate or a margin ov maturing June 28, 2024 (option to extend to June 28, 2025).","evidence_excerpt":"On June 30, 2023, Automatic Data Processing, Inc., a Delaware corporation (the “Company”), entered into a $4.25 billion 364-Day Credit Agreement (the “364-Day Facility”) and a $2.25 billion Five-Year Credit Agreement (the “Five-Year Facility,” and together with the 364-Day Facility, the “New Facilities”) with a group of lenders (the “Lenders”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8670/000095014223001907/0000950142-23-001907-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$4,250,000,000"},{"label":"Counterparty","value":"a group of lenders"},{"label":"Rate","value":"floating rate per annum based on margin over Term SOFR-based rate or a margin ov"},{"label":"Maturity","value":"June 28, 2024 (option to extend to June 28, 2025)"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"741e95102625781209495f403383b82f86420f0d","claim":"AUTOMATIC DATA PROCESSING INC incurred credit facility of $2,250,000,000 with a group of lenders at floating rate per annum based on margin over Term SOFR-based rate or a margin ov maturing June 30, 2028 (option to extend by one year on each anniversary).","evidence_excerpt":"On June 30, 2023, Automatic Data Processing, Inc., a Delaware corporation (the “Company”), entered into a $4.25 billion 364-Day Credit Agreement (the “364-Day Facility”) and a $2.25 billion Five-Year Credit Agreement (the “Five-Year Facility,” and together with the 364-Day Facility, the “New Facilities”) with a group of lenders (the “Lenders”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8670/000095014223001907/0000950142-23-001907-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2,250,000,000"},{"label":"Counterparty","value":"a group of lenders"},{"label":"Rate","value":"floating rate per annum based on margin over Term SOFR-based rate or a margin ov"},{"label":"Maturity","value":"June 30, 2028 (option to extend by one year on each anniversary)"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a6cb82c2cae5298623d8ff1acc6e829a8ad643df","claim":"AUTOMATIC DATA PROCESSING INC amended Amendment Agreement with the lenders to the Existing Credit Agreement (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, the Company also entered into an Amendment Agreement (the “Amendment”) to the Company’s existing $3.20 billion Five-Year Credit Agreement, dated June 9, 2021 (the “Existing Credit Agreement,” the facility thereunder, the “Existing Five-Year Facility,” and together with the New Facilities, the “Facilities”), with the lenders to the Existing Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8670/000095014223001907/0000950142-23-001907-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders to the Existing Credit Agreement"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"},{"claim_id":"b6e2bf863920fe7a041512fce2af6bc22c5e9349","claim":"AUTOMATIC DATA PROCESSING INC entered into Five-Year Credit Agreement with a group of lenders (the “Lenders”) valued at $2.25 billion (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, Automatic Data Processing, Inc., a Delaware corporation (the “Company”), entered into a $4.25 billion 364-Day Credit Agreement (the “364-Day Facility”) and a $2.25 billion Five-Year Credit Agreement (the “Five-Year Facility,” and together with the 364-Day Facility, the “New Facilities”) with a group of lenders (the “Lenders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8670/000095014223001907/0000950142-23-001907-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a group of lenders (the “Lenders”)"},{"label":"Value","value":"$2.25 billion"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"},{"claim_id":"d1df7e75b03a320f50e20fa0a948fa4cb961f059","claim":"AUTOMATIC DATA PROCESSING INC entered into 364-Day Credit Agreement with a group of lenders (the “Lenders”) valued at $4.25 billion (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, Automatic Data Processing, Inc., a Delaware corporation (the “Company”), entered into a $4.25 billion 364-Day Credit Agreement (the “364-Day Facility”) and a $2.25 billion Five-Year Credit Agreement (the “Five-Year Facility,” and together with the 364-Day Facility, the “New Facilities”) with a group of lenders (the “Lenders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8670/000095014223001907/0000950142-23-001907-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a group of lenders (the “Lenders”)"},{"label":"Value","value":"$4.25 billion"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}