Public Event Detail
Paycom Software expands credit facility to $1.46 billion with new agreement
Public historical observation from the Merrowstone archive. This page shows event-level context only. Accepted assertions, evidence lineage, and relationship intelligence remain part of the premium research layer.
Historical observations only. No forecasts, recommendations, buy/sell ratings, or portfolio advice.
2026-03-12JPMJPMorgan ChaseAlpha Vantage Newsearnings
Event summary
Paycom Software's subsidiary, Paycom Payroll, LLC, has expanded its senior secured revolving credit facility to $1.46 billion, an increase of $461.6 million, with JPMorgan Chase Bank, N.A. acting as the administrative agent. The company has already borrowed approximately $675.0 million under this expanded facility. This news comes amidst other company developments including a $200 million increase in stock repurchase authorization and a leadership promotion.
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