Paycom expands credit facility to $1.46 billion
Paycom Software, Inc. expanded its borrowing capacity as its subsidiary Paycom Payroll, LLC entered into an Increasing Lender Supplement on March 12, 2026.
Rhea-AI Filing Summary
Paycom Software, Inc. expanded its borrowing capacity as its subsidiary Paycom Payroll, LLC entered into an Increasing Lender Supplement on March 12, 2026. This raised total lender commitments under the existing Credit Agreement by $461.6 million, bringing the senior secured revolving credit facility to $1.46 billion.
The underlying Credit Agreement’s other material terms remain unchanged. As of March 12, 2026, Paycom had borrowed approximately $675.0 million under this revolving facility, meaning a significant portion of the expanded line remains available for future liquidity needs.
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Insights
Paycom ups revolver to $1.46B, adding flexibility but also debt capacity.
Paycom increased commitments under its senior secured revolving credit facility by $461.6 million to a total of $1.46 billion. The agreement’s other material terms are unchanged, so the move mainly affects available liquidity, not pricing or covenants according to this excerpt.
As of March 12, 2026, the company had drawn about $675.0 million on the revolver, leaving substantial undrawn capacity. The net impact depends on how aggressively Paycom uses this additional borrowing room in future periods and how it balances growth spending versus leverage.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change did Paycom (PAYC) make to its credit facility on March 12, 2026?
How large is Paycom’s total revolving credit facility after the 2026 amendment?
How much has Paycom borrowed under its revolving facility as of March 12, 2026?
Did the terms of Paycom’s existing Credit Agreement change with the new supplement?
Which entities are parties to Paycom’s Increasing Lender Supplement in 2026?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
On March 12, 2026, Paycom Payroll, LLC (the “Borrower”), a wholly owned subsidiary of Paycom Software, Inc. (the “Company”), entered into an Increasing Lender Supplement (the “Increasing Lender Supplement”) with JPMorgan Chase Bank, N.A. (the “Administrative Agent”) and certain other lenders, whereby the aggregate commitments under the Credit Agreement (as defined below) were increased by $461.6 million, such that the Credit Agreement now provides for a senior secured revolving credit facility (the “Revolving Facility”) of $1.46 billion. Except as described in the preceding sentence, the material terms of the Credit Agreement dated as of July 29, 2022, by and among the Company, the Borrower, certain other subsidiaries of the Company, the Administrative Agent, and the other lenders party thereto (as amended from time to time, the “Credit Agreement”) remain unchanged. The material terms of the Credit Agreement are described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on February 19, 2026. As of March 12, 2026, the Company has borrowed approximately $675.0 million under the Revolving Facility.
The foregoing description of the terms of the Increasing Lender Supplement is not complete and is qualified in its entirety by reference to the full text of the Increasing Lender Supplement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description of Exhibit |
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10.1 |
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Increasing Lender Supplement, dated March 12, 2026, by and among Paycom Payroll, LLC, JPMorgan Chase Bank, N.A. and the lenders party thereto. |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PAYCOM SOFTWARE, INC. |
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Date: |
March 12, 2026 |
By: |
/s/ Robert D. Foster |
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Robert D. Foster |
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Chief Financial Officer |