ADP announced the pricing of a public offering for $1.0 billion aggregate principal amount of its 4.750% senior notes due 2032. The company expects to receive the net offering proceeds on or about May 8, 2025.
The primary intended use of these proceeds is to refinance existing debt, with any remaining funds allocated for general corporate purposes. This move reflects ADP's ongoing management of its capital structure and liquidity.
This debt issuance is a significant financial activity for ADP, providing capital while managing its long-term debt obligations. The company's long-term debt structure includes $4.0 billion in senior unsecured notes with staggered maturities.
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