secwatch.observer — SEC 8-K summary
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Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0000950142-23-001907
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADP enters $4.25B 364-day & $2.25B five-year credit facilities and amends existing $3.2B facility to SOFR
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000095014223001907/0000950142-23-001907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000095014223001907/eh230374965_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001907

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