Cognizant enters $550 million term loan and $1.85 billion revolving credit facility
CTSH•Cognizant entered a $550 million term loan and a $1.85 billion revolving credit facility, both maturing October 3, 2031.
1. Credit facilities
The facilities allow borrowers to request increases of up to $1.20 billion plus prepayments. The term loan requires quarterly installments of $6.88 million after its first year.
