Ceridian HCM Holding Inc. Enters into Credit Agreement
December 16, 2021 at 12:34 pm
On December 15, 2021, Ceridian HCM Holding Inc., a Delaware corporation (the Company ), entered into the Second Amendment (the Second Amendment ) to the Credit Agreement, dated as of April 30, 2018, by and among the Company, each subsidiary guarantor party thereto, each lender party thereto and Deutsche Bank AG New York Branch, as administrative agent for the lenders (the Administrative Agent ) and collateral agent for the lenders (as amended by that certain First Amendment to the Credit Agreement, dated as of February 19, 2020, the Credit Agreement ). The Second Amendment amends the Credit Agreement to, among other things, (i) extend the maturity date applicable to the Initial Revolving Credit Commitments (as defined in the Credit Agreement) from April 30, 2023 to January 29, 2025, and (ii) change the interest rate for borrowings denominated in Pound Sterling from a LIBOR-based rate to a daily simple SONIA-based rate subject to certain adjustments specified in the Credit Agreement.