Intuit enters $2.2 billion unsecured revolving credit facility maturing January 2031
Intuit entered a new $2.2 billion unsecured revolving credit agreement with JPMorgan Chase as administrative agent, replacing its February 2024 credit agreement. The facility can be increased by up to $4 billion, and the company said it expects to seek that increase for part of its 2026 fiscal year in connection with early refund processing or other products. The company has not borrowed under the facility yet, so the agreement adds borrowing capacity rather than current debt.
Key points
- $2.2 billion unsecured revolving facility expires January 9, 2031
- Incremental commitments of up to $4 billion, subject to lender discretion
- Borrowings priced at SOFR plus a margin of 0.700% to 1.125%; no amounts borrowed as of filing
- Credit agreement requires a maximum consolidated leverage ratio
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 09, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.