Paycom Amends Credit Agreement, Expands Revolver to $2.125 Billion, Matures 2031
Paycom Software entered an amended and restated credit agreement with JPMorgan Chase Bank as administrative agent, replacing its July 29, 2022 facility. The senior secured revolving credit facility allows borrowing of up to $2.125 billion and matures April 23, 2031, with an option for an additional $750.0 million subject to lender commitments. The filing shows about $675 million outstanding and says proceeds may fund working capital, acquisitions and share repurchases.
Key points
- Revolving credit facility of up to $2.125 billion, maturing April 23, 2031
- About $675 million principal outstanding under the revolver as of April 23, 2026
- Optional incremental facility of up to an additional $750.0 million, subject to lender approval
- Financial covenants require interest coverage of at least 3.00 to 1.00 and leverage no greater than 3.50 to 1.00
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.