Cognizant Secures $2.4 Billion Credit Facilities Led by JPMorgan

Cognizant Technology Solutions has secured a significant financial boost with a new unsecured credit agreement. The deal includes a $550 million term loan and a $1.85 billion revolving credit facility, both led by JPMorgan Chase Bank. The proceeds from this agreement were used to repay and terminate the company's prior credit facilities, while the revolving credit line will support general corporate purposes.

The facilities mature on October 3, 2031, with no term loan amortization required in the first year. After that, quarterly payments will begin. The interest rates are based on benchmark rates plus a margin tied to the company's credit ratings or leverage, ensuring flexibility in repayment terms.

The agreement was signed and became effective on October 5, 2026. The primary reasons for this financial move include refinancing existing debt and enhancing liquidity. The original details were disclosed in an SEC filing dated October 6, 2026.