Monitor future filings for any drawdowns on the expanded credit facility, which could indicate strategic initiatives such as acquisitions or share repurchases.
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Executive Summary
Paycom Software, Inc. amended and restated its credit agreement to increase the revolving credit facility commitment to $2.125 billion and extend the maturity date to April 23, 2031. The agreement also allows for up to $750 million in incremental facilities. The existing credit agreement was amended and restated, and certain lenders were replaced.
Key Financial Metrics
Key Facts
- Paycom Software, Inc. entered into an amended and restated credit agreement on April 23, 2026
- The agreement increases the aggregate revolving commitment to $2.125 billion
- The maturity date for the revolving commitment is extended to April 23, 2031
- The agreement allows for incremental facilities of up to $750 million
- The credit agreement was amended and restated, with certain lenders being replaced
- The obligations are secured by a senior security interest in all personal property of the loan parties
Financial Impact
Increased credit facility from previous amount to $2.125 billion
Risk Factors
- Increased leverage from the larger credit facility
- Potential dilution if convertible debt is issued
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-173704 |
| Document: payc-20260423.htm | 0001193125-26-173704 |
| Document: 0001193125-26-173704-index-headers.html | 0001193125-26-173704 |
| Document: 0001193125-26-173704-index.html | 0001193125-26-173704 |
| Document: 0001193125-26-173704.txt | 0001193125-26-173704 |
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Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $274.59 $268.25 | ▼ −2.31% | ▼ −3.02% | $268.25 (−2.31%) |
Aug 3, 2026 12w ago | 8-K | $175.30 $174.80 | ▼ −0.29% | ▼ −0.09% | $268.25 (+53.02%) |
Jun 12, 2026 19w ago | Institutional Cluster | $134.52 $134.69 | ▲ +0.13% | ▼ −1.64% | $268.25 (+99.41%) |
Apr 23, 2026 26w ago | 8-K | $123.52 $123.91 | ▲ +0.31% | ▲ +0.15% | $268.25 (+117.16%) |
Mar 5, 2026 33w ago | 8-K | $137.77 $138.13 | ▲ +0.26% | ▼ −0.58% | $268.25 (+94.70%) |
US Market Status
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