Cognizant Technology Solutions Corporation
05/21/2026 | Press release | Distributed by Public on 05/21/2026 04:36
Financial Obligation (Form 8-K)
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On May 15, 2026, Cognizant Technology Solutions Corporation (the "Company") provided notice to the lenders to borrow $1 billion to be funded on May 20, 2026 under the revolving credit facility of the Credit Agreement, dated as of October 6, 2022 and as amended by Amendment No. 1 dated as of April 18, 2024, among the Company, Cognizant Worldwide Limited, certain financial institutions party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the "Credit Agreement"). A description of the material terms of the Credit Agreement is set forth in Note 9 of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which description is incorporated herein by reference. The description of the Credit Agreement does not purport to be complete and is subject to and qualified in its entirely by reference to the full text of the Credit Agreement filed as Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.
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