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Tag: ADP

Capital and Risk, Credit

JPMorgan Agents Two Facilities Totaling $7B for ADP

June 17, 2016

Via: ABF Journal

Automatic Data Processing (ADP) entered into a $3.25 billion 364-day credit agreement and a $3.75 billion five-year credit agreement with a group of lenders. JPMorgan Chase served as administrative agent for the transactions. The five-year facility contains an accordion feature […]