Paychex, Inc. Completes $4.2 Billion Senior Notes Offering

Rochester, NY – Paychex, Inc. (Nasdaq: PAYX), a leading provider of integrated human capital management solutions, announced the successful completion of a $4.2 billion senior notes offering on April 10, 2025.

The offering includes:

$1.5 billion of 5.100% senior notes due 2030

$1.5 billion of 5.350% senior notes due 2032

$1.2 billion of 5.600% senior notes due 2035

The notes were offered pursuant to an effective registration statement on Form S-3, filed with the Securities and Exchange Commission, and were priced via a prospectus supplement dated April 8, 2025.

The offering was underwritten by a syndicate led by J.P. Morgan Securities LLC and BofA Securities, Inc., with additional participation from several other underwriters. The company issued the notes under an indenture agreement with The Bank of New York Mellon Trust Company, N.A., serving as trustee.

The proceeds of the offering are expected to be used for general corporate purposes, including potential debt refinancing, capital expenditures, and working capital needs.