---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-173704"
form_type: "8-K"
ticker: "PAYC"
cik: "0001590955"
company_name: "Paycom Software, Inc."
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:33:54.122815+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Paycom signs $2.125B revolving credit facility maturing 2031

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-173704
- form_type: 8-K
- ticker: PAYC
- cik: 0001590955
- company_name: Paycom Software, Inc.
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590955/000119312526173704/0001193125-26-173704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590955/000119312526173704/payc-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-173704
- JSON: https://secwatch.observer/filing/0001193125-26-173704.json
- Plain text: https://secwatch.observer/filing/0001193125-26-173704.txt

## Source-grounded claims
- claim_id: 71e4aabe566ceacca8b8b4b840418f084cb17d77
  claim: 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.
  evidence_excerpt: 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 ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590955/000119312526173704/0001193125-26-173704-index.htm
- claim_id: 29ad544db2e07f905e4d63c983417fc8b98ed987
  claim: Paycom Software, Inc. entered into Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. (effective 2026-04-23).
  evidence_excerpt: 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 ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590955/000119312526173704/0001193125-26-173704-index.htm

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