NasdaqGS:ADPProfessional Services
A Look At ADP’s (ADP) Valuation After New US$1b Bond Deal And Strong Earnings
Why ADP’s new bond deal and recent earnings matter for stock investors
Automatic Data Processing (ADP) has priced a public offering of US$1.0b in 5% senior notes due 2036, with proceeds expected around May 7, 2026, earmarked for general corporate purposes and share repurchases.
This bond sale lands just days after ADP reported higher third quarter and nine month revenue and net income compared with a year earlier, giving investors fresh information on both its balance sheet funding plans and...