BILL Holdings has closed its offering of $1.4 billion 0% Convertible Senior Notes due 2030, including the full exercise of the $150 million additional option. The company raised net proceeds of approximately $1.38 billion after deducting costs. The notes have an initial conversion price of $119.45 per share, representing a 35% premium to the December 3 closing price.The company has strategically deployed the proceeds by repurchasing approximately $133.9 million of its 2025 Notes for $130.8 million, $451.5 million of 2027 Notes for $408.6 million, and 2.26 million shares of common stock for $200 million. Additionally, $93 million was used for capped call transactions to offset potential dilution.The remaining proceeds will be used for general corporate purposes, including potential additional repurchases of existing notes and common stock, working capital, and strategic transactions. The notes will mature on April 1, 2030, with conversion options available under specific conditions, and can be settled in cash, shares, or a combination at BILL's election.

BILL Holdings has closed its offering of $1.4 billion 0% Convertible Senior Notes due 2030, including the full exercise of the $150 million additional option. The company raised net proceeds of approximately $1.38 billion after deducting costs. The notes have an initial conversion price of $119.45 per share, representing a 35% premium to the December 3 closing price.The company has strategically deployed the proceeds by repurchasing approximately $133.9 million of its 2025 Notes for $130.8 million, $451.5 million of 2027 Notes for $408.6 million, and 2.26 million shares of common stock for $200 million. Additionally, $93 million was used for capped call transactions to offset potential dilution.The remaining proceeds will be used for general corporate purposes, including potential additional repurchases of existing notes and common stock, working capital, and strategic transactions. The notes will mature on April 1, 2030, with conversion options available under specific conditions, and can be settled in cash, shares, or a combination at BILL's election.