Company: PAYX
Filing Date: 2025-04-09
Form Type: 424B2
Source: 0001193125-25-076822
Chunk: 0

Company: PAYCHEX INC
Filing Date: 2025-04-09
Form: 424B2
Chunk 0
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Filed Pursuant to Rule 424(b)(2)
Registration No. 333-286249 PROSPECTUS SUPPLEMENT (To Prospectus dated March 31, 2025) $4,200,000,000 PAYCHEX, INC. $1,500,000,000 5.100% Notes due 2030 $1,500,000,000 5.350% Notes due 2032 $1,200,000,000 5.600% Notes due 2035 Paychex, Inc. (“we” or “us”) is offering $1,500,000,000 of our 5.100% notes due 2030 (the “2030 notes”), $1,500,000,000 of our 5.350% notes due 2032 (the “2032 notes”) and $1,200,000,000 of our 5.600% notes due 2035 (the “2035 notes” and, together with the 2030 notes and the 2032 notes, the “notes”). We will pay interest on the notes semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2025. The 2030 notes will mature on April 15, 2030, the 2032 notes will mature on April 15, 2032 and the 2035 notes will mature on April 15, 2035. We may redeem the notes in whole or in part at any time or from time to time at the redemption prices described under “Description of Notes—Optional Redemption.” Upon a Change of Control Repurchase Event, we may be required to make an offer to repurchase all outstanding notes as described under “Description of Notes—Change of Control Repurchase Event.” On January 7, 2025, we entered into a definitive agreement to acquire Paycor HCM, Inc. (“Paycor”), a leading provider of human capital management, payroll and talent software (the “Acquisition”). We intend to use the net proceeds from this offering to fund the Acquisition, including the payment of related fees and expenses, with any remaining net proceeds for general corporate purposes. See “Use of Proceeds.” The Acquisition is expected to close in April 2025, subject to customary closing conditions. The closing of this offering is not conditioned upon the consummation of the Acquisition. If (i) the Acquisition is not consummated on