AUTOMATIC DATA PROCESSING INC 8-K

What Happened Automatic Data Processing, Inc. (ADP) announced it issued $1,000,000,000 aggregate principal amount of 5.000% senior notes due 2036. ADP executed an underwriting agreement on May 4, 2026 and issued the Notes on May 7, 2026 under a Fifth Supplemental Indenture with U.S. Bank Trust Company, N.A. The offering was made under a Registration Statement on Form S-3 (File No. 333-281920) using a prospectus dated September 4, 2024 and a prospectus supplement dated May 4, 2026.

Key Details

• Amount: $1,000,000,000 aggregate principal of senior notes.
• Coupon & Maturity: 5.000% fixed interest, due in 2036.
• Timeline & parties: Underwriting Agreement dated May 4, 2026 with BNP Paribas Securities Corp., BofA Securities, Inc. and J.P. Morgan Securities LLC as representatives; notes issued May 7, 2026.
• Documentation: Notes issued under an Indenture (Fifth Supplemental Indenture attached as Exhibit 4.1); legal opinion of Davis Polk & Wardwell LLP filed as Exhibit 5.1.

Why It Matters This transaction raises long-term debt capital for ADP, increasing the company’s liabilities and creating fixed interest obligations through 2036. For investors, the deal affects ADP’s capital structure and future interest expense (a known fixed rate of 5.000%), and it locks in long-term funding at current rates. The filing and attached counsel opinion indicate the offering was completed under registered SEC disclosures and documented by standard indenture agreements.