Intuit Inc. prices $1.75 billion senior notes offering, including $750 million of 4.950% notes due 2031 and $1.0 billion of 5.500% notes due 2036
On June 11, 2026, Intuit Inc. issued $1.75 billion aggregate principal amount of senior notes, consisting of $750,000,000 of 4.950% Senior Notes due 2031 and $1,000,000,000 of 5.500% Senior Notes due 2036, pursuant to an underwriting agreement dated June 8, 2026. Net proceeds are approximately $1.74 billion, after deducting underwriting discount and estimated offering expenses. Intuit stated the net proceeds are intended for general corporate purposes, which may include refinancing the $750 million 5.250% Senior...
Key takeaways
Aggregate principal amount of $1.75 billion across two senior unsecured tranches: $750 million of 4.950% notes due 2031 and $1.0 billion of 5.500% notes due 2036.
Net proceeds of approximately $1.74 billion, with stated use of proceeds for general corporate purposes, potentially including refinancing the $750 million 5.250% notes due 2026 and the $500 million 1.350% notes due 2027.
Pricing details: 2031 Notes at 99.576% of principal and 2036 Notes at 99.234% of principal, in each case plus accrued interest from June 11, 2026.
Underwriting Agreement dated June 8, 2026; closing date June 11, 2026; BofA Securities, J.P. Morgan Securities, and Scotia Capital (USA) acted as representatives of the underwriters.
Issued under the company's existing Form S-3 shelf registration (File No. 333-274330) and a Second Supplemental Indenture dated June 11, 2026, with U.S. Bank Trust Company, National Association as trustee.
Issuer's counsel provided a validity opinion (Exhibit 5.01) from Gibson, Dunn & Crutcher LLP; payment and delivery conducted at offices of Davis Polk & Wardwell, LLP in Redwood City, California.
Settlement effected through DTC global notes under the Base Indenture dated June 29, 2020, as supplemented by the Second Supplemental Indenture.
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