Loan & DebtMay 7, 2026, 04:40 PM
Automatic Data Processing Issues $1B Senior Notes Due 2036
AI Summary
Automatic Data Processing, Inc. (ADP) has issued $1,000,000,000 aggregate principal amount of 5.000% senior notes due 2036. The company entered into an Underwriting Agreement on May 4, 2026, with BNP Paribas Securities Corp., BofA Securities, Inc., and J.P. Morgan Securities LLC as representatives of the underwriters. The notes were issued on May 7, 2026, and were registered with the SEC on a Form S-3 Registration Statement.
Key Highlights
- Automatic Data Processing issued $1,000,000,000 aggregate principal amount of senior notes.
- The senior notes carry an interest rate of 5.000%.
- The notes are due to mature in 2036.
- The Underwriting Agreement was executed on May 4, 2026.
- The notes were issued on May 7, 2026.
- BNP Paribas Securities Corp., BofA Securities, Inc., and J.P. Morgan Securities LLC acted as representatives of the underwriters.