Financing ·
Paylocity Holding Corporation entered into an Amended and Restated Revolving Credit Agreement on September 17, 2026…
PCTYPaylocity Holding Corp
Paylocity Holding Corporation entered into an Amended and Restated Revolving Credit Agreement on September 17, 2026, replacing its prior credit facility. The new agreement establishes a $1.75 billion senior secured revolving credit facility with PNC Bank as administrative agent, maturing on September 17, 2031. As of the effective date, $81.25 million was outstanding under the facility. The company may request increased commitments up to an aggregate of $875.0 million and has the option to extend the maturity for one year on up to two occasions. Borrowings bear interest at Term SOFR or adjusted base rate plus applicable margins based on leverage ratios. Proceeds are designated for working capital, capital expenditures, general corporate purposes, permitted acquisitions, investments, distributions, and share repurchases.