{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-044821","form_type":"8-K","ticker":"PAYX","cik":"0000723531","company_name":"PAYCHEX INC","filed_at":"2024-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.783580+00:00","generated_at":"2026-06-03T22:29:55.460874+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Paychex extends $1B revolver maturity to 2029; amends $750M facility","bullets":["Maturity of $1.0B unsecured revolver extended from July 2024 to April 12, 2029.","Interest rate provisions amended; three lenders depart, new lenders join syndicate.","Twenty subsidiaries released from guaranty obligations under the credit agreements.","$750M revolver also amended for interest rate and ministerial changes.","Other terms substantially similar; covenants unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-044821","json":"https://secwatch.observer/filing/0000950170-24-044821.json","markdown":"https://secwatch.observer/filing/0000950170-24-044821.md","text":"https://secwatch.observer/filing/0000950170-24-044821.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723531/000095017024044821/0000950170-24-044821-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723531/000095017024044821/payx-20240412.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T22:29:55.460874+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":"43f8e0e0f9a4adaa8cf509939598a33b5de37454","claim":"PAYCHEX INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. as Administrative Agent maturing April 12, 2029.","evidence_excerpt":"a Delaware limited liability company (“PoNY”) and Paychex, Inc., a Delaware corporation (the “Parent”), entered into an amendment (the “2019 Credit Facility Amendment”) to the $1.0 billion, five-year, unsecured, revolving credit facility established on July 31, 2019 (the “2019 Credit Facility”), and last amended on September 17, 2021, in favor of PoNY as borrower","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723531/000095017024044821/0000950170-24-044821-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.0 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. as Administrative Agent"},{"label":"Maturity","value":"April 12, 2029"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"74f4516c067526280ca33b3ff675cb4e4c95c598","claim":"PAYCHEX INC amended revolving credit of $750.0 million with JPMorgan Chase Bank, N.A. as Administrative Agent.","evidence_excerpt":"to the 2019 Credit Facility. Amendment to 2017 Credit Facility On April 12, 2024, PoNY and the Parent entered into an amendment (the “2017 Credit Facility Amendment”) to the $750.0 million, five-year, unsecured, revolving credit facility established on August 17, 2017 (the “2017 Credit Facility”), and last amended on September 17, 2021, in favor of PoNY as borrower","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723531/000095017024044821/0000950170-24-044821-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$750.0 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. as Administrative Agent"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"847be1cde99324a0faf851792d083f01ef539b4a","claim":"PAYCHEX INC amended 2017 Credit Facility Amendment with a syndicate of lenders for which JPMorgan Chase Bank, N.A. acts as Administrative Agent valued at $750.0 million (effective 2024-04-12).","evidence_excerpt":"On April 12, 2024, PoNY and the Parent entered into an amendment (the “2017 Credit Facility Amendment”) to the $750.0 million, five-year, unsecured, revolving credit facility established on August 17, 2017 (the “2017 Credit Facility”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723531/000095017024044821/0000950170-24-044821-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a syndicate of lenders for which JPMorgan Chase Bank, N.A. acts as Administrative Agent"},{"label":"Value","value":"$750.0 million"},{"label":"Effective","value":"2024-04-12"}],"fact_type":"material_agreement"},{"claim_id":"ee459111e140a1c179876eb078701de4e51354ec","claim":"PAYCHEX INC amended 2019 Credit Facility Amendment with a syndicate of lenders for which JPMorgan Chase Bank, N.A. acts as Administrative Agent valued at $1.0 billion (effective 2024-04-12).","evidence_excerpt":"On April 12, 2024, Paychex of New York LLC, a Delaware limited liability company (“PoNY”) and Paychex, Inc., a Delaware corporation (the “Parent”), entered into an amendment (the “2019 Credit Facility Amendment”) to the $1.0 billion, five-year, unsecured, revolving credit facility established on July 31, 2019 (the “2019 Credit Facility”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723531/000095017024044821/0000950170-24-044821-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a syndicate of lenders for which JPMorgan Chase Bank, N.A. acts as Administrative Agent"},{"label":"Value","value":"$1.0 billion"},{"label":"Effective","value":"2024-04-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}