BILL Holdings announced the pricing of $1.25 billion 0% Convertible Senior Notes due 2030, increased from the initially planned $1 billion. The company granted initial purchasers an option to purchase an additional $150 million in notes. The notes will convert at $119.45 per share, representing a 35% premium to the December 3 closing price.The company plans to use the estimated $1.23 billion net proceeds to repurchase approximately $133.9 million of 2025 notes and $451.5 million of 2027 notes, repurchase 2.26 million shares for $200 million, and allocate $83 million for capped call transactions. The remaining funds will be used for general corporate purposes.The notes will mature on April 1, 2030, with conversion options beginning January 1, 2030. BILL entered into capped call transactions to offset potential dilution and implemented concurrent note repurchases and share buybacks. The offering is expected to close on December 6, 2024, subject to customary conditions.

BILL Holdings announced the pricing of $1.25 billion 0% Convertible Senior Notes due 2030, increased from the initially planned $1 billion. The company granted initial purchasers an option to purchase an additional $150 million in notes. The notes will convert at $119.45 per share, representing a 35% premium to the December 3 closing price.The company plans to use the estimated $1.23 billion net proceeds to repurchase approximately $133.9 million of 2025 notes and $451.5 million of 2027 notes, repurchase 2.26 million shares for $200 million, and allocate $83 million for capped call transactions. The remaining funds will be used for general corporate purposes.The notes will mature on April 1, 2030, with conversion options beginning January 1, 2030. BILL entered into capped call transactions to offset potential dilution and implemented concurrent note repurchases and share buybacks. The offering is expected to close on December 6, 2024, subject to customary conditions.