Paylocity enters amended $1.75 billion revolving credit facility led by PNC Bank

• Paylocity entered an amended and restated revolving credit agreement with PNC Bank and other lenders on Sept. 17, 2026.
• New senior secured revolving credit facility set at USD 1.75 billion, replacing the prior facility first signed in 2019.
• Maturity extended to Sept. 17, 2031; USD 81.25 million was outstanding on the effective date.
• Pricing tied to Term SOFR or an adjusted base rate, with leverage-based margins of 1% to 1.625% or 0% to 0.625%.
• Facility is guaranteed by material subsidiaries, secured by substantially all assets, with leverage capped at 4.00x.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paylocity Holding Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001591698-26-000131), on September 17, 2026, and is solely responsible for the information contained therein.