Paycom Software, Inc. 8-K

What Happened
Paycom Software, Inc. (through its subsidiary Paycom Payroll, LLC) announced on March 12, 2026 that it entered an Increasing Lender Supplement with JPMorgan Chase Bank, N.A. and other lenders to raise the aggregate commitments under its existing Credit Agreement. The change increases the company’s senior secured revolving credit facility (the “Revolving Facility”) by $461.6 million, bringing the total committed capacity to $1.46 billion. As of March 12, 2026, Paycom had borrowed approximately $675.0 million under the Revolving Facility.

Key Details

• The Increasing Lender Supplement was executed March 12, 2026 with JPMorgan Chase Bank, N.A. as Administrative Agent and other lenders.
• Revolving Facility capacity increased by $461.6 million to a total of $1.46 billion.
• Outstanding borrowings under the Revolving Facility were approximately $675.0 million as of March 12, 2026.
• The Credit Agreement originally dated July 29, 2022 remains in effect with its material terms unchanged except for the increased commitments; the full supplement is filed as Exhibit 10.1 to the 8‑K.

Why It Matters
Increasing the revolver expands Paycom’s available liquidity and borrowing capacity, which can be used for working capital, capital expenditures, acquisitions or other corporate needs. The filing also creates a direct financial obligation because the company has drawn roughly $675M against the facility. Investors should note the larger credit cushion but review Paycom’s balance sheet and debt levels (e.g., total leverage and cash on hand) for a full picture of financial flexibility.