ADP Taps Lenders for Credit Lines Worth Around $8 Billion

Published: 2025-06-27 17:03:07 ET ADP

Published on 06/27/2025 at 17:03

By Denny Jacob

Automatic Data Processing said it entered credit agreements totalling about $8 billion with a group of lenders.

The payroll processor said it entered into a $4.55 billion agreement for about a year in duration and a $2.5 billion agreement over a five-year period, according to a filing with the Securities and Exchange Commission.

ADP said the five-year agreement contains a feature in which the aggregate commitment can be increased by $500 million to an aggregate principal amount of $3 billion.

The two agreements replace prior facilities entered in the last two years.

Write to Denny Jacob at [email protected]

(END) Dow Jones Newswires

06-27-25 1702ET