secwatch.observer — SEC 8-K summary
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Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0000950142-25-001700
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000095014225001700/0000950142-25-001700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000095014225001700/eh250647311_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-001700

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