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BILL Holdings Proposes To Offer $1B Of Convertible Senior Notes Due 2030

Benzinga ·  Dec 3, 2024 05:03

BILL expects to use a portion of the net proceeds to pay the cost of the capped call transactions described below, to repurchase a portion of its outstanding convertible senior notes due 2025 and/or convertible senior notes due 2027 (together, the "Existing Notes") and to repurchase up to $200 million of shares of BILL's common stock. BILL intends to use the remaining net proceeds for general corporate purposes, which may include additional repurchases of the Existing Notes from time to time following the offering, or the repayment at maturity, of the Existing Notes, additional repurchases of the common stock, working capital, capital expenditures and potential acquisitions and strategic transactions.

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