COGNIZANT TECHNOLOGY SOLUTIONS CORP 8-K

What Happened

• Cognizant Technology Solutions Corporation announced on May 15, 2026 that it provided notice to lenders to borrow $1.0 billion under its revolving credit facility; the borrowing was funded on May 20, 2026.
• The draw was made under the Credit Agreement dated October 6, 2022 (amended April 18, 2024), with JPMorgan Chase Bank, N.A. serving as administrative agent.

Key Details

• $1,000,000,000 borrowed (funded May 20, 2026).
• Notice of the borrowing was delivered May 15, 2026.
• Credit Agreement parties include Cognizant, Cognizant Worldwide Limited, various financial institutions, and JPMorgan Chase Bank, N.A. as administrative agent.
• The filing references the Credit Agreement terms described in Note 9 of Cognizant’s Form 10-K for the year ended Dec 31, 2025 and the full credit agreement filed previously as Exhibit 10.2 to the 10-Q for the quarter ended June 30, 2024.

Why It Matters

• This 8-K documents a new, material borrowing (a direct financial obligation) that increases Cognizant’s outstanding debt under its revolver.
• Investors should note the timing and size of the draw ($1B) because such borrowings affect the company’s reported leverage, liquidity position, and future interest expense; the filing directs readers to the Credit Agreement and the company’s Form 10-K for full terms.