8-K
filed January 26, 2026, 6:59 PM ET
ticker PAYX
CIK 0000723531
debt
confidence high
sentiment neutral
materiality 0.60
Paychex amends credit facilities, ups 2017 revolver to $1B, extends maturity to 2031, terminates $250M facility
PAYCHEX INC
- 2017 Credit Facility increased from $750M to $1.0B, maturity extended from Sep 2026 to Jan 2031.
- Incremental facility under 2017 Credit Facility increased from $375M to $500M.
- 2019 Credit Facility amended (interest rates, covenants); incremental facility remains $500M.
- 2020 Credit Facility ($250M, unsecured, revolving) terminated; no outstanding loans at termination.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PAYCHEX INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. maturing January 23, 2031.
- Instrument
- revolving credit
- Principal
- $1.0 billion
- Counterparty
- JPMorgan Chase Bank, N.A.
- Maturity
- January 23, 2031
- Event
- amendment
Exact text from the filing
(a) increases the aggregate amount of principal available under the 2017 Credit Facility from $750 million to $1.0 billion, (b) extends the maturity date from September 17, 2026 to January 23, 2031
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PAYCHEX INC amended 2017 Credit Facility Amendment with JPMorgan Chase Bank, N.A. (as Administrative Agent) (effective 2026-01-23).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. (as Administrative Agent)
- Effective
- 2026-01-23
Exact text from the filing
On January 23, 2026, Paychex of New York LLC, a Delaware limited liability company (“PoNY”) and Paychex, Inc., a Delaware corporation (the “Parent”) entered into an amendment (the “2017 Credit Facility Amendment”) to the $750.0 million, five-year, unsecured, revolving credit facility established in favor of PoNY as borrower on August 17, 2017
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PAYCHEX INC amended 2019 Credit Facility Amendment with JPMorgan Chase Bank, N.A. (as Administrative Agent) (effective 2026-01-23).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. (as Administrative Agent)
- Effective
- 2026-01-23
Exact text from the filing
On January 23, 2026, PoNY and the Parent, entered into an amendment (the “2019 Credit Facility Amendment”) to the $1.0 billion, five-year, unsecured, revolving credit facility established in favor of PoNY as borrower on July 31, 2019
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PAYCHEX INC terminated 2020 Credit Facility with PNC Bank, N.A. (as administrative agent) (effective 2026-01-23).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- PNC Bank, N.A. (as administrative agent)
- Effective
- 2026-01-23
Exact text from the filing
Paychex Advance, LLC, a New York limited liability company (“Paychex Advance”) and the Parent terminated, effective January 23, 2026, the three-year, $250 million, unsecured, revolving credit facility established in favor of Paychex Advance as borrower on February 6, 2020 ( as previously amended and extended from time to time, the “2020 Credit Facility”) and for which PNC Bank, N.A. acted as administrative agent.
View on SEC.gov
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