Simpson Thacher Represents JPMorgan, Credit Suisse and Barclays in Financing of Cognizant’s Acquisition of TriZetto
12.01.14
This is only gets display when printing
The Firm is representing JPMorgan Chase Bank, N.A., Credit Suisse AG and Barclays Bank PLC in connection with the provision of financing to Cognizant Technology Solutions Corporation (“Cognizant”) for its $2 billion acquisition of TriZetto Corporation (“TriZetto”). The financing consists of a $1 billion unsecured term loan and an unsecured revolving credit facility of up to $750 million.
Cognizant, headquartered in Teaneck, New Jersey, is a leading provider of information technology, consulting, and business process outsourcing services. TriZetto software manages the health benefits of close to half the insured population of the U.S. and supports about a quarter of all U.S. care providers.
The Simpson Thacher team for the financing includes William Sheehan, Stephanie Rotter, Tamaron Greene and Wenli Cai (Banking and Credit); Roxane Reardon, Lesley Peng, Hui Lin and John O’Connell (Capital Markets); David Teigman (Executive Compensation and Employee Benefits); and Taylor Alexander (Tax).