INTUIT INC. (INTU): debt financing — Intuit enters $2.2B unsecured revolving credit facility expiring 2031, replaces 2024 facility

INTUIT INC.

$2.2B unsecured revolving credit facility, maturity January 9, 2031.
Incremental facility allows total commitments up to $4B, subject to lender approval.
Proceeds for working capital, general corporate purposes, and early refund processing support.
No borrowings drawn at closing; replaces company's February 2024 credit agreement.
Covenant includes maximum consolidated leverage ratio; interest rates tied to credit ratings.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INTUIT INC. incurred revolving credit of $2.2 billion with JPMorgan Chase Bank, N.A., as administrative agent at alternate base rate plus a margin that ranges from 0.000% to 0.125% or term Secu maturing January 9, 2031.

Instrument: revolving credit
Principal: $2.2 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: alternate base rate plus a margin that ranges from 0.000% to 0.125% or term Secu
Maturity: January 9, 2031
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a $2.2 billion unsecured revolving credit facility (the “Facility”) that expires on January 9, 2031.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

INTUIT INC. entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $2.2 billion unsecured revolving credit facility (effective 2026-01-09).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Value: $2.2 billion unsecured revolving credit facility
Effective: 2026-01-09

Exact text from the filing

The Credit Agreement provides for a $2.2 billion unsecured revolving credit facility (the “Facility”) that expires on January 9, 2031.

View on SEC.gov

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Source: SEC EDGAR

accession 0000896878-26-000004

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