Ceridian draws down $295 million under revolving credit facility

By Rebecca Melvin

New York, April 3 – Ceridian HCM Holding Inc. has given notice that it is drawing down $295 million on its revolving credit facility in response to uncertainty in the global capital markets resulting from the Covid-19 pandemic, according to an 8-K filed with the Securities and Exchange Commission.

The company said it may use a portion of proceeds from the borrowing for general corporate purposes.

The $300 million revolver, which is due April 30, 2023, was inked in 2018.

Ceridian is a Minneapolis-based provider of human resources software and services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.