{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-023418","form_type":"8-K","ticker":null,"cik":"0001725057","company_name":"Dayforce, Inc.","filed_at":"2024-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.267086+00:00","generated_at":"2026-06-05T05:38:21.826288+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Dayforce enters $1.0B credit facility: $650M term loan, $350M revolver, replacing prior facility","bullets":["$650M senior secured term loan due March 1, 2029; $350M revolver due March 1, 2031.","Term loan at SOFR + 2.50% or base rate + 1.50%; revolver at SOFR + 2.25-2.75% based on leverage.","Replaces April 2018 credit agreement with Deutsche Bank; all prior term loans repaid and commitments terminated.","Financial covenant: first lien net leverage ratio ≤ 7.25:1.00 when revolver usage exceeds 35% of commitment.","Facility secured by substantially all assets of Dayforce and its U.S. restricted subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-023418","json":"https://secwatch.observer/filing/0000950170-24-023418.json","markdown":"https://secwatch.observer/filing/0000950170-24-023418.md","text":"https://secwatch.observer/filing/0000950170-24-023418.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1725057/000095017024023418/0000950170-24-023418-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1725057/000095017024023418/day-20240229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:38:21.826288+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0e0dce42a63f5e1da8b7d559a9a957ab5376041f","claim":"Dayforce, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $650.0 million senior secured term loan facility and $350.0 million senior secured revolving credit (effective 2024-02-29).","evidence_excerpt":"On February 29, 2024, Dayforce, Inc. (the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”) by and among the Company, as borrower, the lenders party thereto (the “ Lenders ”) and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent for the Lenders (the senior secured credit facilities provided thereunder, the “ New Senior Secured Credit Facilities ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1725057/000095017024023418/0000950170-24-023418-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$650.0 million senior secured term loan facility and $350.0 million senior secured revolving credit"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"},{"claim_id":"ae497f5353a267d1a66d670553e9daa8fd3f4d0f","claim":"Dayforce, Inc. terminated Former Credit Facility with Deutsche Bank AG New York Branch valued at Repaid in full all outstanding obligations under the Former Credit Agreement, including the term loa (effective 2024-02-29).","evidence_excerpt":"The Company repaid in full all outstanding obligations under the Former Credit Agreement, including the term loans made thereunder, on February 29, 2024 and terminated all commitments thereunder.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1725057/000095017024023418/0000950170-24-023418-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Deutsche Bank AG New York Branch"},{"label":"Value","value":"Repaid in full all outstanding obligations under the Former Credit Agreement, including the term loa"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}