Press release
ADP Announces Pricing of its Senior Notes Due 2032
ROSELAND, N.J., May 6, 2025 /PRNewswire/ -- ADP (Nasdaq: ADP), a leading global technology company providing comprehensive cloud-based human capital
About this update from Automatic Data Processing, Inc.
[{"type":"text","content":"ROSELAND, N.J., May 6, 2025 /PRNewswire/ -- ADP (Nasdaq: ADP), a leading global technology company providing comprehensive cloud-based human capital management (HCM) solutions, yesterday announced the pricing of a public offering of $1.0 billion aggregate principal amount of its 4.750% senior notes due 2032.\nADP expects to receive the net offering proceeds upon closing on or about May 8, 2025. The intended use of proceeds from the offering is to refinance existing debt, and any remainder for general corporate purposes.\nADP has filed a registration statement (including a prospectus and preliminary prospectus supplement) with the Securities and Exchange Commission (\"SEC\") for the offering to which this communication relates. Before you invest, you should read the base prospectus in that registration statement, the applicable preliminary prospectus supplement and the other documents ADP has filed with the SEC for more complete information about ADP and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, ADP, any underwriter or any dealer participating in the offering will arrange to send investors the prospectus and preliminary prospectus supplement upon request by contacting BofA Securities, Inc. by telephone at 1-800-294-1322 or by email at [email protected], J.P. Morgan Securities LLC by telephone (collect) at (212) 834-4533 or Morgan Stanley & Co. LLC by telephone at (866) 718-1649.\nThis press release does not constitute an offer to sell or a solicitation of an offer to buy the debt securities or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities may be made only by means of the prospectus supplement and the accompanying prospectus. This press release also does not constitute an offer to purchase, a solicitation of an offer to sell, or notice of redemption with respect to any securities of ADP.\nAbout ADP (NASDAQ – ADP)Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll...