Dayforce Inc.
Dayforce, Inc. Enters New Credit Agreement and Terminates Existing Facility
Summary
On February 29, 2024, Dayforce, Inc. entered into a new Credit Agreement establishing senior secured term loan facilities totaling $650.0 million and a senior secured revolving credit facility of $350.0 million, replacing its former credit facility dated April 30, 2018. The new facilities mature in 2029 and 2031, respectively, and are secured by a lien on substantially all assets of the Company and its Guarantors. The Company repaid all obligations under the former credit facility without incurring prepayment penalties.
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About Dayforce Inc.
Dayforce Inc. is a leading provider of comprehensive human capital management (HCM) solutions, operating within the software and technology sector. The company primarily develops and markets the Dayforce HCM platform, which integrates various human resources functions such as payroll, benefits, workforce management, and talent management into a single, cloud-based system. This integration allows businesses to streamline their HR processes, improve efficiency, and enhance employee experience through advanced data analytics and real-time updates. Serving a wide array of industries, Dayforce Inc. plays a critical role in helping organizations manage and optimize their workforce operations effortlessly. Its innovative platform is utilized by companies seeking to modernize their human resource functionalities and gain insightful analytics for strategic decision-making. Dayforce's market significance is underscored by its ability to adapt to the evolving needs of businesses, underscoring the shift towards digital solutions in HR management.
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