Paychex, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Long-Term Financing (Tables)

Long-Term Financing (Tables)

12 Months Ended

May 31, 2025

Long-term debt, at amortized cost, consisted of the following as of:


	Effective	May 31,
In millions	interest rate		2025			2024
Senior Notes Series A, fixed rate 4.07% - due March 13, 2026	4.14%		$	400.0		$	400.0
Senior Notes Series B, fixed rate 4.25% - due March 13, 2029	4.30%			400.0			400.0
5-year Corporate Bonds, fixed rate 5.10% - due April 15, 2030	5.36%			1,500.0			—
7-year Corporate Bonds, fixed rate 5.35% - due April 15, 2032	5.58%			1,500.0			—
10-year Corporate Bonds, fixed rate 5.60% - due April 15, 2035	5.84%			1,200.0			—
Total long-term debt				5,000.0			800.0
Less: current portion, net of debt issuance costs				(399.8	)		—
Less: unamortized discount and debt issuance costs				(51.8	)		(1.4	)
Long-term debt, net		$		4,548.4		$	798.6

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details