Dayforce Inc.
Dayforce, Inc. Amends Credit Agreement to Reduce Interest Rates
Summary
On February 14, 2025, Dayforce, Inc. and its subsidiaries amended their Credit Agreement to effectuate a repricing of the existing senior secured term loan facility, resulting in a reduction of interest rates. The amendment replaces all outstanding term loans under the Existing Credit Agreement with new Refinancing Term Loans at lower interest rates, while also lowering the interest rate margin for revolving loans.
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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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