Automatic Data Processing Inc. $(ADP)$, a Delaware corporation, has entered into significant new financing agreements as of June 27, 2025. The company has secured a $4.55 billion 364-Day Credit Agreement and a $2.5 billion Five-Year Credit Agreement with a consortium of lenders, replacing prior agreements. These new facilities, led by J.P. Morgan Chase Bank, N.A., BofA Securities, Inc., BNP Paribas Securities Corp., Wells Fargo Securities, LLC, and Deutsche Bank Securities Inc., will provide ADP with enhanced financial flexibility. Notably, the Five-Year Facility includes an accordion feature allowing an increase in the aggregate commitment by $500 million, subject to additional commitments. The agreements include customary covenants and events of default, ensuring robust financial oversight. The new facilities are intended for general corporate purposes, reflecting ADP's strategic financial planning.
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