CERIDIAN HCM HOLDING INC.

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05/09Mizuho Securities Lowers Ceridian HCM Holding's Price Target to $80 From $100, Buy Rating Kept
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05/05Deutsche Bank Adjusts Ceridian HCM Holding Price Target to $85 From $105, Maintains Buy Rating
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05/05JPMorgan Adjusts Price Target for Ceridian HCM Holding to $84 From $100, Maintains Neutral Rating
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CERIDIAN HCM HOLDING INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

12/16/2021 | 07:37am EDT

Item 1.01 Entry into a Material Definitive Agreement.

On December 15, 2021, Ceridian HCM Holding Inc., a Delaware corporation (the "Company"), entered into the Second Amendment (the "Second Amendment") to the Credit Agreement, dated as of April 30, 2018, by and among the Company, each subsidiary guarantor party thereto, each lender party thereto and Deutsche Bank AG New York Branch, as administrative agent for the lenders (the "Administrative Agent") and collateral agent for the lenders (as amended by that certain First Amendment to the Credit Agreement, dated as of February 19, 2020, the "Credit Agreement").

The Second Amendment amends the Credit Agreement to, among other things, (i) extend the maturity date applicable to the Initial Revolving Credit Commitments (as defined in the Credit Agreement) from April 30, 2023 to January 29, 2025, and (ii) change the interest rate for borrowings denominated in Pound Sterling from a LIBOR-based rate to a daily simple SONIA-based rate subject to certain adjustments specified in the Credit Agreement.

The foregoing description of the material terms of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description of Exhibit

10.1          Second Amendment to Credit Agreement, dated as of December 15, 2021,
            by and among Ceridian HCM Holding Inc., a Delaware corporation, as
            borrower, the lenders party thereto, the other parties party thereto
            and Deutsche Bank AG New York Branch, as Administrative Agent.
104         Cover Page Interactive Data File (the cover page XBRL tags are
            embedded within the inline XBRL document).







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