ROSELAND, N.J., Sept. 5,
2024 /PRNewswire/ -- ADP (Nasdaq: ADP), a
leading global technology company providing human capital
management (HCM) solutions, today announced the pricing of a public
offering of $1.0 billion aggregate
principal amount of its 4.450% senior notes due 2034.
ADP expects to receive the net offering proceeds upon closing on
or about September 9, 2024. The
intended use of proceeds from the offering is for general corporate
purposes.
ADP has filed a registration statement (including a
prospectus and preliminary prospectus supplement) with the
Securities and Exchange Commission ("SEC") for the offering to
which this communication relates. Before you invest, you should
read the base prospectus in that registration statement, the
applicable preliminary prospectus supplement and the other
documents ADP has filed with the SEC for more complete information
about ADP and this offering. You may get these documents for free
by visiting EDGAR on the SEC website at www.sec.gov. Alternatively,
ADP, any underwriter or any dealer participating in the offering
will arrange to send investors the prospectus and preliminary
prospectus supplement upon request by contacting BofA Securities,
Inc. by telephone at 1-800-294-1322 or by email at
dg.prospectus_requests@bofa.com, J.P. Morgan Securities LLC
by telephone (collect) at (212) 834-4533 or Morgan Stanley &
Co. LLC by telephone at (866) 718-1649.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the debt securities or any other
securities, nor shall there be any sale of these securities in any
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering of these
securities may be made only by means of the prospectus supplement
and the accompanying prospectus.
About ADP (NASDAQ – ADP)
Designing better ways to work
through cutting-edge products, premium services and exceptional
experiences that enable people to reach their full potential.
HR, Talent, Time Management, Benefits and Payroll. Informed
by data and designed for people.
Forward-Looking Statements
This document and other
written or oral statements made from time to time by ADP may
contain "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Statements that
are not historical in nature and which may be identified by the use
of words like "outlook," "expects," "assumes," "projects,"
"anticipates," "estimates," "we believe," "could," "is designed to"
and other words of similar meaning, are forward-looking statements.
These statements are based on management's expectations and
assumptions and depend upon or refer to future events or conditions
and are subject to risks and uncertainties that may cause actual
results to differ materially from those expressed. Forward-looking
statements are subject to inherent risks and uncertainties. Factors
that could cause actual results to differ materially from those
contemplated by the forward-looking statements or that could
contribute to such difference include: ADP's success in obtaining
and retaining clients, and selling additional services to clients;
the pricing of products and services; the success of our new
solutions; our ability to respond successfully to changes in
technology, including artificial intelligence; compliance with
existing or new legislation or regulations; changes in, or
interpretations of, existing legislation or regulations; overall
market, political and economic conditions, including interest rate
and foreign currency trends and inflation; competitive conditions;
our ability to maintain our current credit ratings and the impact
on our funding costs and profitability; security or cyber breaches,
fraudulent acts, and system interruptions and failures; employment
and wage levels; availability of skilled associates; the impact of
new acquisitions and divestitures; the adequacy, effectiveness and
success of our business transformation initiatives; the impact of
any uncertainties related to major natural disasters or
catastrophic events; and supply-chain disruptions. The factors
identified above are not exhaustive. ADP disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events, or otherwise, except as required by
law. These risks and uncertainties, along with the risk factors
discussed under "Item 1A. - Risk Factors" in our Annual Report on
Form 10-K for the fiscal year ended June 30,
2024, and in other written or oral statements made from time
to time by ADP, should be considered in evaluating any
forward-looking statements contained herein.
ADP, the ADP logo, and Always Designing for People are
trademarks of ADP, Inc. All other marks are the property of their
respective owners.
Copyright © 2024 ADP, Inc. All rights reserved.
ADP-Media
Contact:
Allyce
Hackmann
201.400.4583
Allyce.Hackmann@adp.com
ADP-Investor Relations
Contact:
ADP Investor Relations
Matthew Keating, CFA
973.974.3037
Matthew.Keating@adp.com
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SOURCE ADP - IR