04:57 PM EDT, 04/08/2025 (MT Newswires) -- Paychex ( PAYX ) said late Tuesday it has priced a public offering of $4.2 billion of senior notes.

The offering comprises $1.5 billion of 5.1% senior notes due 2030, $1.5 billion of 5.35% notes due 2032, and $1.2 billion of 5.6% notes due 2035, the company said.

The settlement of the offering is expected on or about Thursday, subject to customary closing conditions, the company added.

Net proceeds would be used to fund the acquisition of Paycor HCM and for general corporate purposes, Paychex ( PAYX ) said.