Company: PAYX
Filing Date: 2025-04-10
Form Type: 8-K
Source: 0001193125-25-077948
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Company: PAYCHEX INC
Filing Date: 2025-04-10
Form: 8-K
Item: Item 8.01
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Item 8.01      Other Events.  

On April 10, 2025, Paychex, Inc. (the “ Company”) completed an offering of $1,500,000,000 aggregate principal amount of its 5.100% senior notes due 2030 (the “2030 Notes”), $1,500,000,000 aggregate principal amount of its 5.350% senior notes due 2032 (the “2032 Notes”) and $1,200,000,000 aggregate principal amount of its 5.600% senior notes due 2035 (the “2035 Notes” and, together with the 2030 Notes and the 2032 Notes, the “ Notes”), pursuant to an Underwriting Agreement (attached hereto as Exhibit 1.1 and incorporated herein by reference) with J. P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the underwriters listed in Schedule 1 thereto (collectively, the “ Underwriters”).

The sale of the Notes was registered with the Securities and Exchange Commission on a Registration Statement on Form S-3(File No. 333-286249) (the “ Registration Statement”). The Notes were offered pursuant to a prospectus dated March 31, 2025 and a prospectus supplement dated April 8, 2025.

The Notes were issued pursuant to an Indenture (attached hereto as Exhibit 4.1 and incorporated herein by reference), dated as of April 10, 2025, by and between the Company and The Bank of New York Mellon Trust Company, N. A., as trustee (the “ Trustee”), as supplemented by the First Supplemental Indenture, dated as of April 10, 2025, by and between the Company and the Trustee (attached hereto as Exhibit 4.2 and incorporated herein by reference).

A copy of the opinion of Davis Polk & Wardwell LLP, counsel to the Company, relating to the legality of the Notes, is filed as Exhibit 5.1 to this Current Report.