NasdaqGS:INTUSoftware
Intuit’s New US$1.74 Billion Bond Issue Might Change The Case For Investing In Intuit (INTU)
Earlier this month, Intuit Inc. issued US$750,000,000 of 4.950% Senior Notes due 2031 and US$1.00 billion of 5.500% Senior Notes due 2036, raising about US$1.74 billion in net proceeds primarily for general corporate purposes, including potential refinancing of existing 2026 and 2027 debt maturities.
This sizeable bond issue gives Intuit added financial flexibility at a time when it is facing AI-driven disruption concerns, pricing pressure in TurboTax, and mixed analyst sentiment on its...