ADP upsizes 364-day credit facility to $5.7B, enters new $3.5B five-year facility

AUTOMATIC DATA PROCESSING INC

New $5.7B 364-day facility replaces prior $4.55B facility; matures June 25, 2027 (or extended to June 25, 2028).
New $3.5B five-year facility matures June 26, 2031; includes $500M accordion feature to increase to $4.0B.
Both facilities led by JPMorgan Chase as Administrative Agent; used for general corporate purposes and refinancing existing debt.
Commitment fees: 0.0175% on 364-day unused; 0.04%-0.10% on five-year unused based on credit ratings.
Existing $4.55B 364-day and $3.5B five-year facilities from 2025/2024 terminated.

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