Intuit prices $1.75B debt offering: $750M 4.950% 2031 notes and $1B 5.500% 2036 notes

Filed June 10, 2026 · ~1 min read

Key Changes

• high

  Intuit is issuing $750 million of 4.950% notes due 2031 and $1 billion of 5.500% notes due 2036, both senior unsecured, settling June 11, 2026. Net proceeds are for general corporate purposes, potentially including refinancing $750M of 5.250% 2026 notes and $500M of 1.350% 2027 notes.

  The Offering / Use of Proceeds view on EDGAR →
• high

  The notes are structurally subordinated to approximately $9.7 billion of subsidiary liabilities (trade payables, deferred revenue, etc.), meaning those obligations have priority over these parent-company notes in accessing subsidiary assets.

  Risk Factors verify on EDGAR →
• high

  Post-offering, Intuit will have $7.95 billion of total debt ($6.75 billion unsecured, $1.2 billion secured by subsidiary cash and receivables). The indenture contains no financial covenants, no change-of-control protection, and permits subsidiaries to freely grant liens without providing equal security to noteholders.

  Risk Factors verify on EDGAR →