Paychex Inc. has amended and extended its existing $750 million unsecured revolving credit facility, originally established in 2017, with a syndicate of lenders led by JPMorgan Chase Bank as Administrative Agent. The amendment, entered into on January 23, 2026, involves Paychex of New York LLC as borrower and includes updates to the terms of the facility. In connection with this amendment and a related amendment to the company's 2019 credit facility, Paychex also terminated a separate $250 million unsecured revolving credit facility, effective the same day, with no outstanding loans at the time of termination. The changes also adjust certain interest rate provisions and covenants under the 2019 facility while retaining an incremental facility of up to $500 million. The lenders involved provide ongoing banking and financial services to Paychex.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paychex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-021794), on January 26, 2026, and is solely responsible for the information contained therein.
