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Intuit to sell fixed-rate notes in four tranches via six bookrunners
By Devika Patel
Knoxville, Tenn., June 25 – Intuit Inc. intends to offer dollar-denominated fixed-rate notes in four parts, according a 424B5 filing with the Securities and Exchange Commission.
The notes will have a make-whole call and then are callable at par.
BofA Securities Inc., J.P. Morgan Securities LLC, MUFG, U.S. Bancorp Investments Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the joint bookrunners.
Proceeds will be used to fund part of the cash consideration of the company’s planned acquisition of Credit Karma.
Intuit is a Mountain View, Calif.-based company that develops financial and tax preparation software.
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