---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-065428"
form_type: "8-K"
ticker: "TNET"
cik: "0000937098"
company_name: "TRINET GROUP, INC."
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:54:55.888440+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# TriNet amends credit agreement to replace LIBOR with Term SOFR interest rate

## Summary
- May 22, 2023: TriNet USA, Inc. and TriNet Group entered Third Amendment to 2021 Credit Agreement.
- Amendment replaces LIBOR-based interest rate with forward-looking Term SOFR.
- Other LIBOR-related mechanics updated; remaining terms of 2021 Credit Agreement unchanged.
- No change in borrowing capacity, maturity, or financial covenants reported.

## SEC filing metadata
- accession: 0001104659-23-065428
- form_type: 8-K
- ticker: TNET
- cik: 0000937098
- company_name: TRINET GROUP, INC.
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/937098/000110465923065428/0001104659-23-065428-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/937098/000110465923065428/tm2316042d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-065428
- JSON: https://secwatch.observer/filing/0001104659-23-065428.json
- Plain text: https://secwatch.observer/filing/0001104659-23-065428.txt

## Key facts
- Material Agreements
  TRINET GROUP, INC. amended Third Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at amends 2021 Credit Agreement to replace LIBOR-based interest rate with Term SOFR-based interest rate (effective 2023-05-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Value: amends 2021 Credit Agreement to replace LIBOR-based interest rate with Term SOFR-based interest rate
  - Effective: 2023-05-22
  source text: On May 22, 2023, TriNet USA, Inc., as borrower (the “Borrower”), TriNet Group, Inc., as guarantor (the “Company”), and the other loan parties party thereto, each of which is a wholly owned domestic subsidiary of the Borrower, entered into the Third Amendment to Credit Agreement (the “Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), which amends certain provisions of the Credit Agreement, dated as of February 26, 2021, by and among the Borrower, the Company, the other loan parties party thereto, the lenders party thereto and the Administrative Agent (as amended, supplemented or modified, the “2021 Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/937098/000110465923065428/0001104659-23-065428-index.htm

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