{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-25-001700","form_type":"8-K","ticker":"ADP","cik":"0000008670","company_name":"AUTOMATIC DATA PROCESSING INC","filed_at":"2025-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.522271+00:00","generated_at":"2026-05-18T17:09:42.138600+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"ADP enters into $4.55B 364-day and $2.5B five-year credit facilities","bullets":["New $4.55B 364-day facility expires June 26, 2026; five-year facility matures June 27, 2030.","Replaced prior $4.55B 364-day (2024) and $2.25B five-year (2023) facilities, terminated immediately.","Five-year facility includes $500M accordion feature, raising total capacity to $3B.","Interest based on Term SOFR plus 0.625% (Term Benchmark) or Alternate Base Rate; commitment fees range 0.0175%-0.10%.","Proceeds for general corporate purposes, including refinancing existing indebtedness."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-25-001700","json":"https://secwatch.observer/filing/0000950142-25-001700.json","markdown":"https://secwatch.observer/filing/0000950142-25-001700.md","text":"https://secwatch.observer/filing/0000950142-25-001700.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8670/000095014225001700/0000950142-25-001700-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8670/000095014225001700/eh250647311_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T17:09:42.138600+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":"238252a56f4639914d08289cb8542c6e04847e60","claim":"AUTOMATIC DATA PROCESSING INC incurred credit facility of $4.55 billion with JPMorgan Chase Bank, N.A. (Administrative Agent), Bank of America, N.A., BNP Paribas, Wells Fargo Bank, N.A. and Deutsche Bank Securities Inc. (Syndication Agents) at a floating rate per annum based on a margin over a Term SOFR-based rate for a on maturing June 26, 2026.","evidence_excerpt":"On June 27, 2025, Automatic Data Processing, Inc., a Delaware corporation (the “Company”), entered into a $4.55 billion 364-Day Credit Agreement (the “364-Day Facility”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8670/000095014225001700/0000950142-25-001700-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$4.55 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (Administrative Agent), Bank of America, N.A., BNP Paribas, Wells Fargo Bank, N.A. and Deutsche Bank Securities Inc. (Syndication Agents)"},{"label":"Rate","value":"a floating rate per annum based on a margin over a Term SOFR-based rate for a on"},{"label":"Maturity","value":"June 26, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ff2b9673929f10c9d7b701c4ee0fffca85f5f7e6","claim":"AUTOMATIC DATA PROCESSING INC incurred credit facility of $2.5 billion with JPMorgan Chase Bank, N.A. (Administrative Agent), Bank of America, N.A., BNP Paribas, Wells Fargo Bank, N.A. and Deutsche Bank Securities Inc. (Syndication Agents) at a floating rate per annum based on a margin over a Term SOFR-based rate for a on maturing June 27, 2030.","evidence_excerpt":"On June 27, 2025, Automatic Data Processing, Inc., a Delaware corporation (the “Company”), entered into a $4.55 billion 364-Day Credit Agreement (the “364-Day Facility”) and a $2.5 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”). The Five-Year","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8670/000095014225001700/0000950142-25-001700-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2.5 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (Administrative Agent), Bank of America, N.A., BNP Paribas, Wells Fargo Bank, N.A. and Deutsche Bank Securities Inc. (Syndication Agents)"},{"label":"Rate","value":"a floating rate per annum based on a margin over a Term SOFR-based rate for a on"},{"label":"Maturity","value":"June 27, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}