We advised ADP on its investment-grade notes offering

Davis Polk advised Automatic Data Processing, Inc. (ADP) in connection with its SEC-registered offering of $1 billion aggregate principal amount of 4.750% senior notes due 2032. ADP intends to use the net proceeds of the offering to refinance existing debt, and any remainder for general corporate purposes.

ADP is one of the world’s leading global technology companies providing comprehensive cloud-based human capital management solutions that unite HR, payroll, talent, time, tax and benefits administration. ADP serves over 1.1 million clients and pays approximately 42 million workers in over 140 countries and territories.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Dylan H. Lojac and Walker Halstad. Partner Kara L. Mungovan and associate Kelsey Nelson provided tax advice. Partner Pritesh P. Shah and associate Joshua Shirley provided intellectual property advice. Counsel Sarah E. Kim provided Investment Company Act advice. Counsel Loyti Cheng provided environmental advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice. All members of the Davis Polk team are based in the New York office.

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