Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Paycom Software, Inc. amended revolving credit of Increased from $650.0 million to $1.0 billion with JPMorgan Chase Bank, N.A. at Not specified in excerpt maturing Not specified in excerpt.
- Instrument
- revolving credit
- Principal
- Increased from $650.0 million to $1.0 billion
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- Not specified in excerpt
- Maturity
- Not specified in excerpt
- Event
- amendment
Exact text from the filing
On July 28, 2023, the Loan Parties and the Lenders entered into Amendment No. 2 to the Credit Agreement (“ Amendment No. 2 ”), pursuant to which, among other things, (i) the aggregate revolving commitments under the Revolving Credit Facility were increased from $650.0 million to $1.0 billion, (ii) the Term Loan Facility was terminated and (iii) the Credit Agreement was amended in contemplation of the formation and future operating activities of Paycom Client Trust (the “ Client Trust ”) and Paycom National Trust Bank, NA (the “ Trust Bank ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Paycom Software, Inc. amended Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders party thereto valued at $1.0 billion (effective 2023-07-28).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders party thereto
- Value
- $1.0 billion
- Effective
- 2023-07-28
Exact text from the filing
On July 28, 2023, the Loan Parties and the Lenders entered into Amendment No. 2 to the Credit Agreement (“ Amendment No. 2 ”), pursuant to which, among other things, (i) the aggregate revolving commitments under the Revolving Credit Facility were increased from $650.0 million to $1.0 billion, (ii) the Term Loan Facility was terminated and (iii) the Credit Agreement was amended in contemplation of the formation and future operating activities of Paycom Client Trust (the “ Client Trust ”) and Paycom National Trust Bank, NA (the “ Trust Bank ”).
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