Automatic Data Processing Inc. (NASDAQ: ADP) announced the pricing of a $1 billion public offering of senior notes with a 5.000% interest rate due 2036, according to a company statement.

The company expects to receive net proceeds from the offering when it closes on or around May 7, 2026. ADP stated it intends to use the proceeds for general corporate purposes, including share repurchases under its existing share repurchase program, subject to market conditions.

The offering is being conducted under a registration statement filed with the Securities and Exchange Commission. BNP Paribas Securities Corp., BofA Securities Inc., and J.P. Morgan Securities LLC are serving as underwriters for the debt issuance.

ADP provides human resources and payroll solutions to more than 1.1 million clients across 140 countries. The company has been operating for more than 75 years and offers services including HR, talent management, time management, benefits, compliance, and payroll.