← AUTOMATIC DATA PROCESSING INC

FIVE-YEAR CREDIT AGREEMENT

Signed Jun 26, 2026

Committed
$3.5bn
Matures
Jun 2031
TrancheSizeMaturesMargin
US Tranche Revolving Facility$2.94bnJun 203163–113 bps
Canadian Tranche Revolving Facility$325.7mJun 203163–113 bps
Euro Tranche Revolving Facility$238mJun 203163–113 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level Category 1Greater than or equal to A1 / A+ / A+63 bps4 bps
Level Category 2Less than A1 / A+ / A+ and greater than or equal to A2 / A / A75 bps7 bps
Level Category 3Less than A2 / A / A and greater than or equal to A3 / A- / A-88 bps8 bps
Level Category 4Less than A3 / A- /A-113 bps10 bps

Lenders: JPMORGAN CHASE BANK, N.A., BOFA SECURITIES, INC., BNP PARIBAS SECURITIES CORP., WELLS FARGO SECURITIES, LLC, DEUTSCHE BANK SECURITIES INC.

Amendments

No amendments on file yet.

Report an error