---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001997"
form_type: "8-K"
ticker: "PAYX"
cik: "0000723531"
company_name: "PAYCHEX INC"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:23:16.819465+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Paychex extends $250M revolving credit facility maturity to 2026

## Summary
- Amendment No. 2 extends maturity of $250M unsecured revolver from Feb 6, 2023 to Feb 6, 2026.
- No changes to existing terms besides maturity extension and ministerial updates.
- Credit facility between Paychex Advance LLC (borrower) and Paychex, Inc. (parent) with PNC Bank as agent.

## SEC filing metadata
- accession: 0000950170-23-001997
- form_type: 8-K
- ticker: PAYX
- cik: 0000723531
- company_name: PAYCHEX INC
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723531/000095017023001997/0000950170-23-001997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723531/000095017023001997/payx-20230203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001997
- JSON: https://secwatch.observer/filing/0000950170-23-001997.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001997.txt

## Key facts
- Debt Financings
  PAYCHEX INC amended revolving credit of $250 million with PNC Bank, N.A. maturing February 6, 2026.
  - Instrument: revolving credit
  - Principal: $250 million
  - Counterparty: PNC Bank, N.A.
  - Maturity: February 6, 2026
  - Event: amendment
  source text: On February 3, 2023, Paychex Advance LLC, a New York limited liability company (the “Company”) and Paychex, Inc., a Delaware corporation (the “Parent”), entered into Amendment No. 2 (the “Amendment”) to the $250 million, three-year, unsecured, revolving credit facility established on February 6, 2020 (the “2020 Credit Facility”) in favor of the Company as borrower by a syndicate of lenders for which PNC Bank, N.A. acts as Administrative Agent. The Amendment, among other things, extends the maturity date of the 2020 Credit Facility from February 6, 2023 to February 6, 2026 at which time all borrowings thereunder will terminate.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723531/000095017023001997/0000950170-23-001997-index.htm
- Material Agreements
  PAYCHEX INC amended Amendment No. 2 with syndicate of lenders for which PNC Bank, N.A. acts as Administrative Agent valued at $250 million (effective 2023-02-03).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: syndicate of lenders for which PNC Bank, N.A. acts as Administrative Agent
  - Value: $250 million
  - Effective: 2023-02-03
  source text: On February 3, 2023, Paychex Advance LLC, a New York limited liability company (the “Company”) and Paychex, Inc., a Delaware corporation (the “Parent”), entered into Amendment No. 2 (the “Amendment”) to the $250 million, three-year, unsecured, revolving credit facility established on February 6, 2020 (the “2020 Credit Facility”) in favor of the Company as borrower by a syndicate of lenders for which PNC Bank, N.A. acts as Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723531/000095017023001997/0000950170-23-001997-index.htm

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