ADP issues $1Bn in 4.75% senior notes due 2032 to refinance debt
NEW JERSEY, UNITED STATES — ADP, a global provider of cloud-based human capital management (HCM) solutions, has priced a public offering of $1.0 billion in 4.750% senior notes due in 2032.
Proceeds from the offering will be used primarily to refinance existing debt. Any remaining funds will go toward general corporate purposes.
Offering details filed with SEC
The senior notes offering has been registered with the U.S. Securities and Exchange Commission (SEC).
According to ADP, the lead underwriters for the offering include BofA Securities, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC. Contact information for obtaining offering documents was provided in the announcement.
ADP’s global reach and recent financial performance
Headquartered in the United States, ADP provides a broad range of HCM services. The company serves over 1 million clients in more than 140 countries and territories.
With a workforce of over 63,000 employees globally, ADP generated $5.55 billion in revenue in the third quarter.
ADP’s solutions are tailored for businesses of all sizes and are used by companies to manage their workforce more efficiently. The company’s technology integrates data-driven insights with user-centric design to deliver seamless employee experiences.
ADP’s comprehensive suite of services includes:
- Payroll and tax administration
- Human capital management
- Time and attendance tracking
- Talent management and career development tools
- Benefits administration
- HR outsourcing and analytics
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