Global Tax Software Company Secures 2 Trillion Won Funding Through 2030s Maturity Corporate Bonds

US financial software company Intuit Inc. on June 11 entered into purchase agreements to issue $750 million of 4.950% senior notes due 2031 and $1 billion of 5.500% senior notes due 2036, raising a total of $1.75 billion. The proceeds will be used for general corporate purposes, including refinancing existing bonds maturing in 2026 and 2027.

The notes are unsecured senior obligations, and a supplemental indenture to the 2020 base indenture adjusts early redemption options, lien and sale-and-leaseback restrictions, and certain default provisions. The issuance size is approximately KRW 2.3 trillion.

Separately, Director Richard L. Dalzell sold several hundred shares of common stock under a pre-established trading plan during June, generating proceeds of several hundred thousand dollars (about KRW 480 million) without materially reducing his ownership stake.

In its third quarter of fiscal 2026, reported May 20, Intuit posted revenue of $8.6 billion—a year-over-year increase of roughly 10%—and raised its full-year revenue guidance on the back of strong performance.

The company is expanding its range of generative AI–powered products and will unveil its rebuilt AI infrastructure at an industry event in July, further strengthening AI capabilities across its platform.

Known for consumer and small-business financial and tax solutions such as TurboTax, QuickBooks, Credit Karma, and Mailchimp, Intuit operates globally with a primary focus on the US and Canada.

Amid higher funding costs in today’s high-interest-rate environment, leading issuers in the US fintech and SaaS sectors continue to proactively manage liquidity and debt-maturity profiles through medium- and long-term bond issuances.