8-KItem 1.01 · Material AgreementItem 1.02 · Termination of AgreementItem 2.03 · Financial ObligationItem 9.01 · Financial Statements
Paychex ($PAYX) terminated the 2020 Credit Facility (3-year, $250M unsecured revolving credit for Paychex…
Filed with the SEC on · Summarized by InvestorsBot
Paychex ($PAYX) terminated the 2020 Credit Facility (3-year, $250M unsecured revolving credit for Paychex Advance, LLC) effective Jan 23, 2026. Facility was established Feb 6, 2020; PNC Bank, N.A. was administrative agent. 🏦✅ #Paychex #CreditFacility
There were no outstanding loans under the 2020 Credit Facility at termination. Action occurred alongside amendment/extension of the 2017 facility and amendment to the 2019 facility — indicative of refinancing/portfolio consolidation. $PAYX 📄🔁 #CorporateFinance #Paychex