Business Context and Reporting Period
Company: Paycom Software, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 12, 2026
Event: Entry into a Material Definitive Agreement regarding credit facility expansion.
Key Financial Metrics
This filing reports on debt capacity and current borrowing levels rather than operating performance metrics such as revenue or profit.
- Revolving Credit Facility Capacity: Increased to $1.46 billion.
- Amount Borrowed: Approximately $675.0 million as of March 12, 2026.
- Available Liquidity: Approximately $785.0 million (calculated as $1.46 billion capacity minus $675.0 million borrowed).
Material Changes Versus Prior Period
On March 12, 2026, Paycom Payroll, LLC (a wholly owned subsidiary) entered into an Increasing Lender Supplement with JPMorgan Chase Bank, N.A., and other lenders. This action increased the aggregate commitments under the existing Credit Agreement by $461.6 million. The material terms of the Credit Agreement, originally dated July 29, 2022, remain otherwise unchanged.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the expansion of the senior secured revolving credit facility to support the company's financial needs. No specific forward-looking guidance on revenue or earnings is provided in this document.
Risks and Contingencies: The filing notes that the description of the Increasing Lender Supplement is not complete and is qualified by reference to the full text of the agreement filed as Exhibit 10.1. The company remains subject to the covenants and terms of the Credit Agreement.
Investor Verification Checklist
- Verify the full terms of the Increasing Lender Supplement in Exhibit 10.1 attached to this filing.
- Review the Company's Annual Report on Form 10-K for the year ended December 31, 2025, for detailed material terms of the Credit Agreement.
- Confirm the current interest rate environment and its impact on the cost of the $675.0 million outstanding debt.
- Monitor future filings for any changes in the utilization rate of the $1.46 billion facility.