PAYC · 10-Q · 2026Q2 · Full report
Outstanding Indebtedness
Paycom Software, Inc. · 2026-08-06 · Importance 64 · Surprise 42 · Matches filing data
On April 23, 2026, Paycom amended and restated its Credit Agreement, increasing its Revolving Credit Facility to $2.125 billion and extending maturity to April 23, 2031. The company had $900.0 million outstanding at June 30, 2026, used to fund stock repurchases, with borrowings priced at ABR plus 0.25%–1.00% or SOFR plus 1.25%–2.00%. The facility permits an additional $750.0 million incremental facility, subject to lender commitments and conditions, and requires a minimum 3.0-to-1.0 interest coverage ratio and maximum 3.5-to-1.0 leverage ratio.
Key facts
- As of June 30, 2026, outstanding borrowings under the Revolving Credit Facility were $900.0 million and those borrowings were used to fund stock repurchases. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -17.3% | As of June 30, 2026, outstanding borrowings under the Revolving Credit Facility were $900.0 million and those borrowings were used to fund… |