Cognizant enters new $2.5B credit facilities, repays existing term loan

COGNIZANT TECHNOLOGY SOLUTIONS CORP

Entered $650M term loan and $1.85B revolver, maturing Oct 6, 2027.
Proceeds from term loan used to repay prior term loan; revolver for general corporate purposes.
No scheduled term loan payments in first year; thereafter quarterly $8.125M installments.
Facilities unsecured; initial margin 0.875% on Eurocurrency loans, 0% on ABR.

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