---
schema_version: "secwatch.filing_event.v1"
accession: "0001591698-22-000144"
form_type: "8-K"
ticker: "PCTY"
cik: "0001591698"
company_name: "Paylocity Holding Corp"
filed_at: "2022-08-22T23:59:59+00:00"
generated_at: "2026-06-23T22:17:01.319995+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Paylocity expands credit facility to $550M and extends maturity to 2027

## Summary
- Revolving credit facility increased from $250M to $550M, with option to expand to $825M.
- Maturity extended from July 2024 to August 2027, with two possible 1-year extensions.
- Interest rate benchmark switched from LIBOR to SOFR plus margin of 0.875%-1.50%.
- Swing loan and letter of credit sublimits each raised from $25M to $55M.
- Proceeds for working capital, capex, acquisitions, and share repurchases.

## SEC filing metadata
- accession: 0001591698-22-000144
- form_type: 8-K
- ticker: PCTY
- cik: 0001591698
- company_name: Paylocity Holding Corp
- filed_at: 2022-08-22T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591698/000159169822000144/0001591698-22-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591698/000159169822000144/pcty-20220819.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001591698-22-000144
- JSON: https://secwatch.observer/filing/0001591698-22-000144.json
- Plain text: https://secwatch.observer/filing/0001591698-22-000144.txt

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