Loan & DebtMay 21, 2026, 06:42 AM
Cognizant to Borrow $1 Billion Under Revolving Credit Facility
AI Summary
Cognizant Technology Solutions Corporation announced its intent to borrow $1 billion under its existing revolving credit facility. The company provided notice to lenders on May 15, 2026, with the funding scheduled for May 20, 2026. This borrowing is pursuant to the Credit Agreement originally dated October 6, 2022, and amended on April 18, 2024.
Key Highlights
- Cognizant to borrow $1 billion under its revolving credit facility.
- Notice provided to lenders on May 15, 2026.
- Funding for the $1 billion is scheduled for May 20, 2026.
- The borrowing is under the Credit Agreement dated October 6, 2022.
- Credit Agreement was amended on April 18, 2024.
- JPMorgan Chase Bank, N.A. is the administrative agent.
Price Impact
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