Automatic Data Processing, Inc. Announces New Credit Agreements

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entered into two new credit agreements: a $4.55 billion 364-Day Credit Agreement and a $2.5 billion Five-Year Credit Agreement, with the ability to increase the latter by $500 million. These agreements replaced the company's previous credit facilities and are led by J.P. Morgan Chase Bank, N.A., and other major financial institutions. The new agreements will be used for general corporate purposes and include customary covenants and events of default.

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About Automatic Data Processing Inc.

Automatic Data Processing Inc. is a leading provider of human capital management (HCM) solutions. With a broad suite of services, ADP delivers payroll processing, talent management, HR outsourcing, and compliance expertise to businesses across various industries. Well-regarded for its comprehensive payroll services, ADP processes payments for millions of employees globally, ensuring accurate and timely salary disbursements. The company also offers solutions that help organizations manage their workforce more effectively, including recruitment, benefits administration, and employee performance management. Headquartered in Roseland, New Jersey, ADP serves clients ranging from small businesses to large multinational corporations. Its technology-driven services and dedication to compliant, efficient management make ADP a cornerstone in the HR services sector, fostering organizational growth and employee satisfaction worldwide.