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