secwatch.observer — SEC 8-K summary
======================================

Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2026-06-26T21:03:12+00:00
Accession:  0000950142-26-001884
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000095014226001884/0000950142-26-001884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000095014226001884/eh260799361_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-001884

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer