---
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"
generated_at: "2026-05-18T17:09:42.138600+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# ADP enters into $4.55B 364-day and $2.5B five-year credit facilities

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-001700
- JSON: https://secwatch.observer/filing/0000950142-25-001700.json
- Plain text: https://secwatch.observer/filing/0000950142-25-001700.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $4.55 billion
  - Counterparty: 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)
  - Rate: a floating rate per annum based on a margin over a Term SOFR-based rate for a on
  - Maturity: June 26, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/8670/000095014225001700/0000950142-25-001700-index.htm
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $2.5 billion
  - Counterparty: 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)
  - Rate: a floating rate per annum based on a margin over a Term SOFR-based rate for a on
  - Maturity: June 27, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/8670/000095014225001700/0000950142-25-001700-index.htm

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