Paylocity refinances with new $1.75B revolver maturing 2031

Paylocity Holding Corp

Amended and restated credit agreement dated Sept 17, 2026; replaces 2019 facility.
Facility: $1.75B senior secured revolver with $175M swing loan and $175M LC sublimits.
Maturity Sept 17, 2031; $81.25M outstanding at signing; up to $875M additional commitments possible.
Pricing: Term SOFR + 1.00%-1.625% or base + 0.0%-0.625%; commitment fee 0.10%-0.25% on undrawn.
Covenants: max net total leverage 4.00x, min interest coverage 2.00x; proceeds for general corporate purposes.

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