By Elias Schisgall


Paycom Software entered an amended credit agreement for a $2.125 billion revolving credit facility with JPMorgan Chase.

The agreement allows the cloud-based, human-capital-management software company to request an incremental facility of up to $750 million, the company said Thursday.

All loans under the agreement will mature on April 23, 2031.

As of Thursday, the principal amount outstanding under Paycom's revolving credit facility was about $675 million.

The company said it may use the borrowings for working capital and general corporate purposes, including permitted acquisitions and share repurchases.


Write to Elias Schisgall at elias.schisgall@wsj.com


(END) Dow Jones Newswires

04-23-26 1734ET