---
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"
generated_at: "2026-10-12T16:13:27.618960+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Cognizant signs $2.4B credit facilities: $550M term loan, $1.85B revolver, replacing existing loans

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058290-26-000033
- JSON: https://secwatch.observer/filing/0001058290-26-000033.json
- Plain text: https://secwatch.observer/filing/0001058290-26-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.