Paycom Software, Inc. (PAYC): debt financing — Paycom signs $2.125B revolving credit facility maturing 2031

Paycom Software, Inc.

New senior secured revolver ups aggregate commitment to $2.125B; $675M drawn at closing.
Facility matures April 23, 2031; includes $750M incremental accordion option.
Proceeds for working capital, acquisitions, and share repurchases.
Financial covenants: Consolidated Interest Coverage ≥3.00x; Consolidated Leverage ≤3.50x.
Interest margins step from 1.25%-2.00% over Term SOFR based on leverage ratio.

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

Paycom Software, Inc. amended revolving credit of up to $2.125 billion with JPMorgan Chase Bank, N.A. at ABR plus applicable margin or SOFR plus applicable margin maturing April 23, 2031.

Instrument: revolving credit
Principal: up to $2.125 billion
Counterparty: JPMorgan Chase Bank, N.A.
Rate: ABR plus applicable margin or SOFR plus applicable margin
Maturity: April 23, 2031
Event: amendment

Exact text from the filing

On April 23, 2026, Paycom Software, Inc., a Delaware corporation (the “ Company ”), entered into an Amended and Restated Credit Agreement (the “ Amended and Restated Credit Agreement ”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Paycom Software, Inc. entered into Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. (effective 2026-04-23).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Effective: 2026-04-23

Exact text from the filing

On April 23, 2026, Paycom Software, Inc., a Delaware corporation (the “ Company ”), entered into an Amended and Restated Credit Agreement (the “ Amended and Restated Credit Agreement ”)

View on SEC.gov

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Paycom Software, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-173704

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