Intuit Inc. announced the issuance of two series of senior notes totaling $1.75 billion in aggregate principal amount. The company expects to receive net proceeds of approximately $1.74 billion from the offering, which it intends to use for general corporate purposes, including the potential refinancing of existing debt.
Key Details
- Note Offerings: The offering consists of $750 million of 4.950% Senior Notes due 2031 and $1.0 billion of 5.500% Senior Notes due 2036.
- Use of Proceeds: Net proceeds will be used for general corporate purposes, which may include refinancing the $750 million 5.250% Senior Notes due 2026 and the $500 million 1.350% Senior Notes due 2027.
- Issuance Date: The notes were issued on June 11, 2026, pursuant to an underwriting agreement dated June 8, 2026.