---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-001814"
form_type: "8-K"
ticker: "ADP"
cik: "0000008670"
company_name: "AUTOMATIC DATA PROCESSING INC"
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:54:04.713394+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ADP enters $8.05B in new credit facilities, replaces prior lines

## Summary
- New $4.55B 364-day and $3.5B five-year facilities; five-year has $500M accordion feature.
- Replace prior $4.25B 364-day (June 2023) and $3.2B five-year (June 2021) agreements, both terminated June 28, 2024.
- 364-day matures June 27, 2025 (possible extension to 2026); five-year matures June 28, 2029.
- Pricing: Term SOFR + 0.625% (or ABR + 0.00%); commitment fees 0.0175% (364-day) and 0.04%-0.10% (five-year).
- Proceeds for general corporate purposes and refinancing existing indebtedness.

## SEC filing metadata
- accession: 0000950142-24-001814
- form_type: 8-K
- ticker: ADP
- cik: 0000008670
- company_name: AUTOMATIC DATA PROCESSING INC
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8670/000095014224001814/0000950142-24-001814-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8670/000095014224001814/eh240501584_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-001814
- JSON: https://secwatch.observer/filing/0000950142-24-001814.json
- Plain text: https://secwatch.observer/filing/0000950142-24-001814.txt

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