Intuit issues $1.75B in new senior notes

Intuit Inc. issued new long-term debt, selling $750 million of 4.950% Senior Notes due 2031 and $1.0 billion of 5.500% Senior Notes due 2036, for total principal of $1.75 billion.

Rhea-AI Filing Summary

Intuit Inc. issued new long-term debt, selling $750 million of 4.950% Senior Notes due 2031 and $1.0 billion of 5.500% Senior Notes due 2036, for total principal of $1.75 billion. Net proceeds are about $1.74 billion after underwriting discounts and expenses. Intuit plans to use the cash for general corporate purposes, which may include refinancing its $750 million 5.250% Senior Notes due 2026 and $500 million 1.350% Senior Notes due 2027.

Insights

Capital structure analyst

Intuit raises $1.75B in fixed-rate notes, largely for refinancing.

Intuit has issued $750 million 4.950% Senior Notes due 2031 and $1.0 billion 5.500% Senior Notes due 2036, generating about $1.74 billion in net proceeds. These are unsecured senior obligations issued under its existing indenture framework.

The company states it intends to use proceeds for general corporate purposes, which may include repaying its $750 million 5.250% Senior Notes due 2026 and $500 million 1.350% Senior Notes due 2027. This points to a planned refinancing of upcoming maturities with longer-dated, higher-coupon debt.

Overall impact on leverage and interest expense depends on how much of the new funding ultimately replaces existing notes versus supporting other corporate uses. Subsequent disclosures in future filings can provide more detail on repayment timing and any remaining shorter-dated debt.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

2031 Notes principal: $750,000,000 2036 Notes principal: $1,000,000,000 Total notes principal: $1.75 billion +5 more

8 metrics

2031 Notes principal $750,000,000 4.950% Senior Notes due 2031

2036 Notes principal $1,000,000,000 5.500% Senior Notes due 2036

Total notes principal $1.75 billion Aggregate principal amount of new notes

Net proceeds approximately $1.74 billion After underwriting discount and estimated expenses

Existing 2026 notes $750 million 5.250% Senior Notes due 2026 that may be refinanced

Existing 2027 notes $500 million 1.350% Senior Notes due 2027 that may be refinanced

2031 coupon 4.950% Interest rate on 2031 Senior Notes

2036 coupon 5.500% Interest rate on 2036 Senior Notes

Key Terms

Senior Notes, Underwriting Agreement, indenture, registration statement on Form S-3, +1 more

5 terms

Senior Notes financial

"issued $750,000,000 aggregate principal amount of 4.950% Senior Notes due 2031 and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2036"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

Underwriting Agreement financial

"pursuant to the terms of an underwriting agreement dated June 8, 2026"

An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.

indenture financial

"the Notes were issued pursuant to an indenture between Intuit and U.S. Bank Trust Company, National Association, as trustee"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

registration statement on Form S-3 regulatory

"offering of the Notes sold pursuant to the Underwriting Agreement was registered under Intuit’s registration statement on Form S-3"

A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.

general corporate purposes financial

"Intuit intends to use the net proceeds for general corporate purposes, which may include the refinancing of its 5.250% and 1.350% Senior Notes"

"General corporate purposes" refer to the broad range of activities and expenses a company can use its funds for to support its overall operations and growth. This can include things like paying bills, investing in new projects, or strengthening its financial position. For investors, understanding this term helps clarify how a company plans to use its resources to sustain and expand its business over time.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What type of debt did Intuit (INTU) issue in this 8-K filing?

Intuit issued two tranches of unsecured senior notes: 4.950% Senior Notes due 2031 and 5.500% Senior Notes due 2036. These long-term bonds increase fixed-rate funding and are issued under Intuit’s existing base indenture with U.S. Bank Trust Company as trustee.

How much capital did Intuit (INTU) raise through the new senior notes?

Intuit raised $1.75 billion in aggregate principal amount of senior notes, consisting of $750 million due 2031 and $1.0 billion due 2036. Net proceeds are approximately $1.74 billion after underwriting discounts and estimated offering expenses paid by Intuit.

What coupons and maturities do Intuit’s new senior notes carry?

The new Intuit notes have fixed coupons and staggered maturities: 4.950% Senior Notes due 2031 and 5.500% Senior Notes due 2036. These rates lock in borrowing costs over five- and ten-year periods beyond 2026, extending the company’s debt maturity profile.

How does Intuit (INTU) plan to use the net proceeds from the notes offering?

Intuit intends to use the net proceeds for general corporate purposes, which may include refinancing $750 million of 5.250% Senior Notes due 2026 and $500 million of 1.350% Senior Notes due 2027. This use would primarily address upcoming debt maturities with longer-dated funding.

Under what registration did Intuit’s new notes offering occur?

The offering was conducted under Intuit’s automatic shelf registration on Form S-3, filed on September 1, 2023. The new notes were issued pursuant to the base indenture dated June 29, 2020, as supplemented by a Second Supplemental Indenture dated June 11, 2026.

Which banks underwrote Intuit’s 2026 senior notes issuance?

BofA Securities, J.P. Morgan Securities, and Scotia Capital (USA) acted as representatives of the underwriters. They entered into an underwriting agreement with Intuit dated June 8, 2026, covering the sale of the 2031 and 2036 senior notes to investors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/11/2026 - 05:07 PM EDT Learn about SEC filing dates

false 0000896878 0000896878 2026-06-11 2026-06-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 11, 2026

INTUIT INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware		000-21180		77-0034661
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

2700 Coast Avenue, Mountain View, CA 94043

(Address of principal executive offices, including zip code)

(650) 944-6000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol		Name of Exchange on Which Registered
Common Stock, $0.01 par value		INTU		Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01 OTHER EVENTS.

On June 11, 2026, Intuit Inc. (“Intuit”) issued $750,000,000 aggregate principal amount of 4.950% Senior Notes due 2031 (the “2031 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”) pursuant to the terms of an underwriting agreement dated June 8, 2026 (the “Underwriting Agreement”) among Intuit and BofA Securities, Inc., J.P. Morgan Securities LLC, and Scotia Capital (USA) Inc., as representatives of the underwriters named therein. The aggregate principal amount of the Notes is $1.75 billion, and the net proceeds from the offering are approximately $1.74 billion, after deducting the underwriting discount and estimated offering expenses payable by Intuit. Intuit intends to use the net proceeds for general corporate purposes, which may include the refinancing of its $750 million aggregate principal amount of 5.250% Senior Notes due 2026 and $500 million aggregate principal amount of 1.350% Senior Notes due 2027.

The offering of the Notes sold pursuant to the Underwriting Agreement was registered under Intuit’s registration statement on Form S-3 filed on September 1, 2023 (File No. 333-274330), and the Notes were issued pursuant to an indenture between Intuit and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), dated as of June 29, 2020 (the “Base Indenture”), as supplemented by the Second Supplemental Indenture between Intuit and the Trustee, dated as of June 11, 2026 (the “Second Supplemental Indenture”).

The foregoing descriptions of the Underwriting Agreement, the Base Indenture, and the Second Supplemental Indenture are qualified in their entirety by the terms of such agreements, which are attached as Exhibit 1.01 to this Current Report, Exhibit 4.4 to the registration statement on Form S-3 filed on September 1, 2023 (File No. 333-274330), and Exhibit 4.01 to this Current Report, respectively, and incorporated by reference herein. The foregoing description of the Notes is qualified in its entirety by reference to the full text of the form of the 4.950% Senior Note due 2031 and the form of the 5.500% Senior Note due 2036, which are attached as Exhibit 4.02 and Exhibit 4.03 to this Current Report, respectively, and incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit Number		Exhibit Description
1.01		Underwriting Agreement, dated as of June 8, 2026, among Intuit Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, and Scotia Capital (USA) Inc.
4.01		Second Supplemental Indenture, dated as of June 11, 2026, between Intuit Inc. and U.S. Bank Trust Company, National Association, as trustee.
4.02		Form of 4.950% Senior Note due 2031 (included in Exhibit 4.01).
4.03		Form of 5.500% Senior Note due 2036 (included in Exhibit 4.01).
5.01		Opinion of Gibson, Dunn & Crutcher LLP relating to the Notes.
23.01		Consent of Gibson, Dunn & Crutcher LLP (included in Exhibit 5.01).
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 11, 2026				INTUIT INC.
				By:		/s/ Sandeep S. Aujla
						Sandeep S. Aujla
						Executive Vice President and Chief Financial Officer

Filing Exhibits & Attachments

6 documents

Other Documents

• EX-1.01 EX-1.01 171.7 KB
• EX-4.01 EX-4.01 107.3 KB
• EX-5.01 EX-5.01 9.9 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB