Cognizant signs new USD 2.4 billion credit agreement led by JPMorgan Chase Bank NA

PUBT · 3d ago
Cognizant signs new USD 2.4 billion credit agreement led by JPMorgan Chase Bank NA
  • Cognizant entered a new credit agreement on Oct. 5, 2026, setting a USD 550 million term loan facility.
  • The deal also provides a USD 1.85 billion revolving credit facility, borrowed about USD 1 billion at closing.
  • Proceeds repaid and replaced prior term and revolving facilities, which were terminated on the closing date.
  • Facilities are unsecured, mature Oct. 3, 2031; term loan amortizes quarterly at USD 6.875 million starting year two.
  • Quarterly leverage covenant caps leverage at 3.50:1.00, with a temporary step-up to 4.00:1.00 for acquisitions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cognizant Technology Solutions Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001058290-26-000033), on October 06, 2026, and is solely responsible for the information contained therein.