secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001193125-23-200543
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paycom boosts revolver to $1B, terminates unused $750M term loan
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- Revolving credit facility increased from $650M to $1.0B by adding $350M in commitments.
- $750M term loan facility terminated with no draws outstanding.
- Additional $500M incremental facility available, subject to lender commitments and conditions.
- Amendment supports planned formation of Paycom Client Trust and Trust Bank for client payroll funds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000119312523200543/0001193125-23-200543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000119312523200543/d535396d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-200543

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