Short answer
Paycom (PAYC) filed an 8-K current report with the SEC on April 23, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $2.125B senior secured revolver extended through April 23, 2031, supporting liquidity and corporate flexibility.
Paycom 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $2.125B senior secured revolver extended through April 23, 2031, supporting liquidity and corporate flexibility
- $675M outstanding at closing, representing approximately 32% of total revolving capacity
- Additional $750M borrowing capacity available, subject to lender commitments, approvals, and conditions
- Funding supports working capital, acquisitions, and share repurchases, preserving capital-allocation options
- Financial covenants include leverage maximum 3.50x and interest coverage minimum 3.00x, limiting incremental debt capacity
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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