Form 8-K · Current Report · Filed 2024-09-09
Automatic Data Processing, Inc. Announces Issuance of $1B Senior Notes
On September 4, 2024, Automatic Data Processing, Inc.
- Filer
- Automatic Data Processing Inc. ADP · NASDAQ
- Filed
- Accession
- 0001193125-24-215880
- CIK
- 0000008670
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Details
announced the issuance of $1,000,000,000 aggregate principal amount of its 4.450% senior notes due 2034. The notes were issued under an Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC, and were registered with the SEC on a Form S-3. The legal opinion on the issuance was filed as an exhibit to the report.
Items reported
Entry into a Material Definitive Agreement
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$269.56
Next session
+3.6%
Since filing
-1.2%
Latest close
$266.46
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ADP reporting the same item, with the next session's move:
Exhibits (3)
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.
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