secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2022-10-07T23:59:59+00:00
Accession:  0001058290-22-000310
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829022000310/0001058290-22-000310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829022000310/ctsh-20221006.htm
  HTML page:      https://secwatch.observer/filing/0001058290-22-000310

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