{"schema_version":"secwatch.filing_event.v1","accession":"0001058290-26-000033","form_type":"8-K","ticker":"CTSH","cik":"0001058290","company_name":"COGNIZANT TECHNOLOGY SOLUTIONS CORP","filed_at":"2026-10-06T20:32:12+00:00","discovered_at":"2026-10-06T20:34:00.276725+00:00","generated_at":"2026-10-12T16:13:27.618960+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Cognizant signs $2.4B credit facilities: $550M term loan, $1.85B revolver, replacing existing loans","bullets":["New unsecured facilities total $2.4B ($550M term loan, $1.85B revolver), mature Oct 3, 2031; proceeds repaid and terminated Cognizant's prior credit facilities on the Oct 5, 2026 closing date.","Borrower also drew ~$1.0B under the revolver on the closing date; revolver supports general corporate purposes and can be borrowed, repaid and reborrowed until maturity.","Initial pricing: Term Benchmark/RFR loans +0.875%, ABR loans +0%; margins set by a grid tied to Cognizant's index debt ratings or leverage ratio.","Term loan has no scheduled payments in the first year, then quarterly installments of $6.875M with the balance due at maturity; accordion allows up to $1.2B of additional commitments.","Financial covenant caps leverage at 3.50:1.00, step-up to 4.00:1.00 for up to four quarters after a material acquisition; JPMorgan Chase Bank, N.A. is administrative agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001058290-26-000033","json":"https://secwatch.observer/filing/0001058290-26-000033.json","markdown":"https://secwatch.observer/filing/0001058290-26-000033.md","text":"https://secwatch.observer/filing/0001058290-26-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058290/000105829026000033/0001058290-26-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058290/000105829026000033/ctsh-20261005.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:13:27.618960+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}