Intuit Announces Pricing of Senior Notes Offering
12 Setembro 2023 - 7:16PM
Business Wire
Intuit Inc. (Nasdaq: INTU), the global financial technology
platform that makes TurboTax, Credit Karma, QuickBooks, and
Mailchimp, announced today that it has priced its offering of $4.0
billion aggregate principal amount of senior notes, consisting of
$750.0 million aggregate principal amount of 5.250% notes due 2026,
$750.0 million aggregate principal amount of 5.125% notes due 2028,
$1.25 billion aggregate principal amount of 5.200% notes due 2033
and $1.25 billion aggregate principal amount of 5.500% notes due
2053. The offering is expected to close September 15, 2023, subject
to the satisfaction of customary closing conditions.
Intuit intends to use the net proceeds from this offering to
repay amounts outstanding under the unsecured term loan under our
unsecured credit facility.
BofA Securities, J.P. Morgan and Morgan Stanley are acting as
joint book-running managers of the offering.
This offering is being made under an automatic effective shelf
registration statement on Form S-3 filed by Intuit with the
Securities and Exchange Commission (the "SEC") and only by means of
a prospectus supplement and accompanying prospectus. Before you
invest, you should read the prospectus supplement and accompanying
prospectus, as well as other documents Intuit has filed or will
file with the SEC for more complete information about Intuit and
this offering. These documents may be obtained for free on the SEC
online database (EDGAR) at the SEC website at www.sec.gov.
Alternatively, copies of the preliminary prospectus supplement and
accompanying prospectus, and, when available, the final prospectus
supplement for the offering may be obtained by contacting: BofA
Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte,
NC 28255-0001, Attention: Prospectus Department, by e-mail:
dg.prospectus_requests@bofa.com, J.P. Morgan Securities LLC, 383
Madison Avenue, New York, New York 10179, Attention: Investment
Grade Syndicate Desk, by phone: (212) 834-4533, or Morgan Stanley
& Co. LLC, Attention: Prospectus Department, 180 Varick Street,
2nd Floor, New York, New York 10014, by phone: (866) 718-1649.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor shall there be any sale of the
notes in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About Intuit
Intuit is the global financial technology platform that powers
prosperity for the people and communities we serve. With 100
million customers worldwide using TurboTax, Credit Karma,
QuickBooks, and Mailchimp, we believe that everyone should have the
opportunity to prosper. We never stop working to find new,
innovative ways to make that possible.
Forward-looking Statements
This press release contains "forward-looking" statements within
the meaning of applicable securities laws, including statements
related to the anticipated terms of the offering, the anticipated
closing of the offering, the expected use of proceeds of the
offering and other statements that are not historical fact. These
forward-looking statements can be identified by words such as
"may," "will," "would," "should," "could," "expect," "anticipate,"
"believe," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "project," "forecast" and other similar
expressions. Forward-looking statements are based upon various
estimates and assumptions, as well as information known to Intuit
as of the date of this press release, and are inherently subject to
numerous risks and uncertainties. Accordingly, actual results could
differ materially from those predicted or implied by
forward-looking statements. For the reasons discussed above, you
should not place undue reliance on the forward-looking statements
in this press release. Intuit assumes no obligation to update such
forward-looking statements, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230912929713/en/
Investors Kim Watkins Intuit Inc. 650-944-3324
kim_watkins@intuit.com
Media Kali Fry Intuit Inc. 650-944-3036
kali_fry@intuit.com
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