Automatic Data Processing $1 billion notes offering
Davis Polk advised Automatic Data Processing, Inc. (“ADP”) in connection with its SEC-registered offering of $1 billion aggregate principal amount of 1.700% senior notes due 2028.
ADP is one of the world’s leading providers of cloud-based human capital management solutions to employers, offering solutions to businesses of all sizes, whether they have simple or complex needs. ADP serves over 900,000 clients in 140 countries and territories.
The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Ida Araya-Brumskine and Xi (Brooke) Zheng. Partner Po Sit and associate Shay Moyal provided tax advice. Associate Daniel P. Kearney provided intellectual property advice. Counsel Sarah E. Kim and associate Allison Gunther provided Investment Company Act advice. Counsel Loyti Cheng provided environmental advice. All members of the Davis Polk team are based in the New York office.