We advised ADP on an 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 4.450% senior notes due 2034

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 over 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 Sierra M. Acosta. Partner Kara L. Mungovan and associate William Liang provided tax advice. Partner Pritesh P. Shah and associate Alexis N. Wallace provided intellectual property advice. Counsel Leon E. Salkin provided Investment Company Act advice. Counsel Loyti Cheng provided environmental advice. Counsel Charles Shi provided ERISA advice. All members of the Davis Polk team are based in the New York office.

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