Paylocity Holding Corp — Form 8-K
Filed September 17, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Paylocity Holding Corp executed an amended and restated credit agreement on September 17, 2026, replacing its existing $1.75 billion revolving credit facility with a new $1.75 billion facility (including a $175 million swing loan subfacility and $175 million letter of credit sublimit). The maturity date extends to September 17, 2031 (five years from closing). Lenders include PNC Bank (administrative agent), Citibank, JPMorgan Chase, Wells Fargo, Bank of America, Capital One, Fifth Third, KeyBank, Silicon Valley Bank, and Truist Bank. Pricing and financial covenants remain standard for the company's scale.
Why this rating
Routine refinancing maintaining facility size at $1.75B (26% of $6.6B market cap). Standard credit agreement amendment without material change to terms, capacity, or financial metrics. Administrative action.
See more from September 17, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.