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Form 8-K · Current Report · Filed 2025-04-10

Paychex, Inc. Completes Offering of Senior Notes

On April 10, 2025, Paychex, Inc. completed an offering of $1.5 billion of 5.100% senior notes due 2030, $1.5 billion of 5.350% senior notes due 2032, and $1.2 billion of 5.600% senior notes due 2035, under an Indenture with The Bank of New York Mellon Trust Company, N.A. The offering was registered with the SEC and accompanied by an Underwriting Agreement with J.P. Morgan Securities LLC and BofA Securities, Inc. Legality of the offering was attested by Davis Polk & Wardwell LLP.

Filer
Paychex Inc. PAYX · NASDAQ
Filed
Accession
0001193125-25-077948
CIK
0000723531
Signal
Medium impactTechnology

Items reported

Item 8.01

Other Events

Convertible Notes Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$146.15

Next session

+0.4%

Since filing

-20.1%

Latest close

$116.84

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from PAYX reporting the same item, with the next session's move:

Exhibits (4)

About Paychex Inc.

Paychex Inc. is a leading provider of human resources, payroll, and benefits outsourcing services, catering primarily to small and medium-sized businesses. The company offers a comprehensive suite of services including payroll processing, retirement services, insurance solutions, and human resources administration. With its headquarters in Rochester, New York, Paychex serves over 700,000 clients across the United States, showcasing its expansive reach and expertise in the HR solutions industry. Noteworthy for its product innovation and efficiency in automating payroll tasks, Paychex enables businesses to streamline their operations, ensure compliance with financial regulations, and manage their workforce more effectively. It plays a critical role in sectors such as healthcare, retail, and hospitality by simplifying complex HR processes, thus allowing businesses to focus more on core activities. In the financial markets, Paychex Inc. is recognized for its stable revenue model and dividend yield, attributed to the consistent demand for HR services. By integrating cloud-based technology and mobile applications, Paychex continues to innovate and maintain its position as a pivotal player in the business services sector.

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