debt
confidence high
sentiment neutral
materiality 0.60
Intuit issues $1.75B in senior notes to refinance existing debt
INTUIT INC.
- Issued $750M of 4.950% Senior Notes due 2031 and $1B of 5.500% Senior Notes due 2036.
- Net proceeds ~$1.74B after underwriting discount and estimated expenses.
- Proceeds to be used for general corporate purposes, including refinancing $750M 5.250% notes due 2026 and $500M 1.350% notes due 2027.
- Underwriting syndicate led by BofA Securities, J.P. Morgan, and Scotia Capital.
- Notes registered under Form S-3 filed Sept 1, 2023; issued under Second Supplemental Indenture dated June 11, 2026.