Intuit Secures $2.2 Billion Unsecured Revolving Credit Facility Led by JPMorgan Chase

Reuters01-12
Intuit Secures $2.2 Billion Unsecured Revolving Credit Facility Led by JPMorgan Chase

Intuit Inc. has entered into a new Credit Agreement with a group of lenders led by JPMorgan Chase Bank, N.A., replacing its previous agreement from February 2024. The new agreement establishes a $2.2 billion unsecured revolving credit facility set to expire on January 9, 2031. Intuit may use the proceeds for working capital and other general corporate purposes and has the option, subject to certain conditions, to increase commitments under the facility by up to $4 billion. The company may also extend the maturity date of the facility, subject to certain limitations. As of now, Intuit has not borrowed any funds under the new facility.

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