Intuit Prices Senior Notes Offering Of $4B
Portfolio Pulse from Benzinga Newsdesk
Intuit has priced its offering of $4.0 billion aggregate principal amount of senior notes. The offering consists of four different notes due between 2026 and 2053, and is expected to close on September 15, 2023.
September 13, 2023 | 5:44 am
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NEUTRAL IMPACT
Intuit's $4B senior notes offering could potentially impact the company's financial stability and future growth.
The offering of senior notes will increase Intuit's debt, which could impact its financial stability. However, the funds raised could also be used for future growth and expansion, potentially leading to increased revenues in the long term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100