Intuit Inc.
Intuit Enters into $5.8 Billion Revolving Credit Facility
Summary
On January 30, 2026, Intuit Inc. entered into a Credit Agreement providing for a $5.8 billion unsecured short-term revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent. The facility, which matures on March 31, 2026, is intended for the Company's early tax refund offering, allowing eligible customers to access their federal tax refunds up to five days before IRS settlement. The agreement includes interest rates based on SOFR or a base rate plus applicable margins and a commitment fee of 0.07% per annum. The Credit Agreement includes customary covenants and conditions, and at the time of the agreement, no funds have been borrowed. This facility is in addition to the Company's existing credit arrangements.
Profitelligence Alerts
Get alerts for INTU
Be first to know when Intuit Inc. files with the SEC.
Filing Categories
Advertisement
About Intuit Inc.
Intuit Inc. is a leading financial software company known for developing products that simplify financial management and compliance tasks. Its broad spectrum of services includes solutions such as QuickBooks for small business accounting, TurboTax for tax preparation, and Mint for personal financial planning. These products cater to a diverse range of customers, including individuals, small businesses, and accounting professionals, providing ease of use and comprehensive functionality. Intuit operates in sectors that span personal finance, accounting, and tax preparation, playing a crucial role in helping users manage their financial data effectively. Headquartered in Mountain View, California, Intuit is recognized for its sustained innovation and customer-focused approach, ensuring its solutions keep pace with the ever-evolving financial landscape. As an influential player in the financial technology market, Intuit continues to leverage its expertise to offer AI-driven insights and cloud-based services, thereby enhancing customer experiences across various digital platforms.
Official SEC Documents
Advertisement