NasdaqGS:ADPProfessional Services
Does Surprise US Jobs Slowdown And New Debt Facilities Shift The Bull Case for Automatic Data Processing (ADP)?
Automatic Data Processing, Inc. secured new debt facilities with lenders, comprising a US$4.55 billion 364-day credit agreement and a US$2.5 billion five-year credit agreement featuring a US$500 million accordion option, replacing its prior facilities and enhancing financial flexibility for near- and long-term funding needs.