---
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"
generated_at: "2026-05-16T08:12:43.913234+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Paychex amends credit facilities, ups 2017 revolver to $1B, extends maturity to 2031, terminates $250M facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-021794
- JSON: https://secwatch.observer/filing/0001193125-26-021794.json
- Plain text: https://secwatch.observer/filing/0001193125-26-021794.txt

## Key facts
- Debt Financings
  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
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/0001193125-26-021794-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/0001193125-26-021794-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/0001193125-26-021794-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723531/000119312526021794/0001193125-26-021794-index.htm

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