Ceridian stock leaves NYSE after Dayforce buyout
Published on 09/23/2026 at 22:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Ceridian stock left the public markets after Thoma Bravo completed its acquisition of Dayforce on February 4, 2026. The former Ceridian business now operates as a private human capital management company, while Fitch assigned Dayforce a B issuer default rating on September 22, 2026.
Buyout ended the listing
Dayforce was acquired in an all-cash transaction valued at USD 12.3 billion, with shareholders receiving USD 70.00 per share, according to Multiples VC. The consideration represented a 32 percent premium to the unaffected closing price on August 15, 2025.
Dayforce identified February 4, 2026 as the completion date for the transaction. The event removed the former NYSE and TSX trading framework that had made Ceridian accessible to public-market investors.
Credit metrics set the new frame
Fitch rated Dayforce's USD 5.5 billion first-lien term loan B+ with an RR3 recovery rating and listed a USD 500 million revolving credit facility. The capital structure now matters more than a daily share price because the company is privately owned.
Fitch expects adjusted EBITDA leverage of 7.6 times in fiscal year 2026, declining below 7.0 times within 12 to 18 months. That comparison gives investors a concrete measure of the deleveraging plan, although it is a forecast rather than a reported result.
Recurring revenue supports scale
Fitch said 85 percent of Dayforce revenue is recurring. The company serves more than 7,000 customers and over 7 million active global users, linking the credit profile to a large installed base rather than to a listed equity valuation.
Fitch also expects EBITDA margins to improve from the low 30 percent range in 2026 to the high 30 percent range over its rating horizon. The operating comparison is central to the private-company story because margin expansion would support the planned reduction in leverage.
Private ownership changes the stock story
Ceridian stock is now a historical public-market reference rather than a currently traded equity. The relevant current signals are Dayforce's B rating, USD 5.5 billion term loan and the February 4, 2026 completion of the take-private transaction.
Ceridian and Dayforce company facts
- Company: Dayforce, Inc.
- Former public identity: Ceridian HCM Holding Inc.
- Ownership: Thoma Bravo since February 4, 2026
- Transaction value: USD 12.3 billion
- Sector / Industry: Technology / Human capital management software
- Customers: More than 7,000
- Active global users: More than 7 million
