Automatic Data Processing, Inc. Announces Issuance of $1B Senior Notes

Details

announced the issuance of $1 billion aggregate principal amount of its 4.750% senior notes due 2032. The notes were issued through an underwriting agreement with BofA Securities, Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC. The legal opinion on the notes was provided by Davis Polk & Wardwell LLP, and the issuance was registered with the SEC on a Form S-3.

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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.