BILL Holdings announced plans to offer $1 billion in convertible senior notes due 2030 through private placement to qualified institutional buyers, with an option for purchasers to acquire an additional $150 million. The notes will be senior unsecured obligations with semi-annual interest payments, maturing on April 1, 2030, convertible into cash, common stock, or a combination thereof.The company plans to use the proceeds to fund capped call transactions, repurchase a portion of its existing convertible notes due 2025 and 2027, and buy back up to $200 million of common stock. The remaining funds will be allocated for general corporate purposes, including potential future note repurchases, working capital, and strategic investments.In connection with the offering, BILL expects to enter into capped call transactions to offset potential dilution and reduce cash payments upon conversion. The company will also conduct privately negotiated repurchases of existing notes and common stock concurrently with the offering pricing, which could impact the market price of its common stock and the new notes' effective conversion price.

BILL Holdings announced plans to offer $1 billion in convertible senior notes due 2030 through private placement to qualified institutional buyers, with an option for purchasers to acquire an additional $150 million. The notes will be senior unsecured obligations with semi-annual interest payments, maturing on April 1, 2030, convertible into cash, common stock, or a combination thereof.The company plans to use the proceeds to fund capped call transactions, repurchase a portion of its existing convertible notes due 2025 and 2027, and buy back up to $200 million of common stock. The remaining funds will be allocated for general corporate purposes, including potential future note repurchases, working capital, and strategic investments.In connection with the offering, BILL expects to enter into capped call transactions to offset potential dilution and reduce cash payments upon conversion. The company will also conduct privately negotiated repurchases of existing notes and common stock concurrently with the offering pricing, which could impact the market price of its common stock and the new notes' effective conversion price.