Intuit Secures $5.8B Credit Facility to Fund Early Tax Refund Offering

Dow Jones01-31 05:56

By Katherine Hamilton

Intuit secured a $5.8 billion revolving credit facility to fund its early tax refund offering.

The company behind TurboTax and QuickBooks said Friday that the new credit agreement is an unsecured short-term facility scheduled to mature on March 31.

Intuit can only use borrowings from the agreement to fund its early tax refund offering, which gives certain customers access to their federal tax refunds five days before settlement from the Internal Revenue Service.

The credit facility is available in addition to Intuit's commercial paper program and existing credit agreement dated Jan. 9.

Borrowings under the agreement will bear interest at a rate based on the secured overnight financing or a base rate, based on whichever option Intuit selects. Intuit is also required to pay a commitment fee at a rate of 0.7% a year on the daily unused amount of the commitments under the facility.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 30, 2026 16:56 ET (21:56 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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