{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-021794","form_type":"8-K","ticker":"PAYX","cik":"0000723531","company_name":"PAYCHEX INC","filed_at":"2026-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.584126+00:00","generated_at":"2026-05-16T08:12:43.913234+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Paychex amends credit facilities, ups 2017 revolver to $1B, extends maturity to 2031, terminates $250M facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-021794","json":"https://secwatch.observer/filing/0001193125-26-021794.json","markdown":"https://secwatch.observer/filing/0001193125-26-021794.md","text":"https://secwatch.observer/filing/0001193125-26-021794.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/0001193125-26-021794-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/payx-20260123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T08:12:43.913234+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":"d29fb6197243821b90b8fdad4352768bc0ed4b43","claim":"PAYCHEX INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. maturing January 23, 2031.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/0001193125-26-021794-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."},{"label":"Maturity","value":"January 23, 2031"},{"label":"Event","value":"amendment"}]},{"claim_id":"4e919355abab193149748f0f8a7b53f8f43b7243","claim":"PAYCHEX INC amended 2017 Credit Facility Amendment with JPMorgan Chase Bank, N.A. (as Administrative Agent) (effective 2026-01-23).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/0001193125-26-021794-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as Administrative Agent)"},{"label":"Effective","value":"2026-01-23"}]},{"claim_id":"89458c5f00d034075b402e81d564453979945434","claim":"PAYCHEX INC amended 2019 Credit Facility Amendment with JPMorgan Chase Bank, N.A. (as Administrative Agent) (effective 2026-01-23).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/0001193125-26-021794-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as Administrative Agent)"},{"label":"Effective","value":"2026-01-23"}]},{"claim_id":"dd632f3cfb6777476e7f11d8dfdd96f1088dffdb","claim":"PAYCHEX INC terminated 2020 Credit Facility with PNC Bank, N.A. (as administrative agent) (effective 2026-01-23).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/0001193125-26-021794-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, N.A. (as administrative agent)"},{"label":"Effective","value":"2026-01-23"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}