Automatic Data Processing Inc has disclosed through a filing with the U.S. Securities and Exchange Commission that it will replace two existing credit arrangements.
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According to the document, the company has terminated its $4.55 billion 364-day credit facility due on June 26, 2026, and its $3.5 billion five-year credit facility, both of which have been replaced by new financing instruments. This move marks a proactive adjustment and update to the company's debt structure.
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