Intuit secures $4.5B short-term credit facility for TurboTax refund product

INTUIT INC.

Facility is unsecured, revolving, matures April 30, 2025.
Proceeds may only be used for Intuit's TurboTax 5-Day Early refund offering.
Interest at SOFR + 1.125% or base rate + 0.125%; commitment fee 0.10% on unused amount.
No funds drawn as of filing date; facility complements existing CP program and credit line.
Covenant requires max consolidated leverage ratio; JPMorgan is administrative agent.

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