ADP Offers $1 Billion in Senior Notes

ADP announced it is offering $1 billion in senior notes, which are essentially IOUs that promise to pay back with interest by 2036. They're planning to use this cash for general corporate needs, like buying back company shares, as long as the market plays nice. What does it mean for you? If you’re an investor, this could be a chance to get a piece of ADP's action. For everyone else, it’s a reminder that even giant companies need a little extra help from time to time, just like the rest of us.