Bill.Com Holdings, Inc. Completes Sale of $1.15 Billion Aggregate Principal Amount of 0% Convertible Senior Notes Due 2025
November 30, 2020 at 04:18 pm EST
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On November 30, 2020, Bill.com Holdings, Inc. completed its previously announced sale of $1.15 billion aggregate principal amount of 0% convertible senior notes due 2025, in a private placement in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), to the Initial Purchasers for initial resale to qualified institutional buyers pursuant to an exemption from registration provided by Rule 144A promulgated under the Securities Act. The sale includes the exercise in full by the Initial Purchasers (as defined below) of their option to purchase an additional $150.0 million aggregate principal amount of notes. On November 23, 2020, the Company, as guarantor, entered into a Second Amendment to Credit Agreement (the “Second Amendment”) with Bill.com, LLC, as borrower, and Silicon Valley Bank (“SVB”), as administrative agent, issuing lender and swingline lender, amending that certain Senior Secured Credit Facilities Credit Agreement (the “Credit Agreement”) dated June 28, 2019, as amended by that certain Confirmation, Ratification and Amendment of Loan Documents dated July 15, 2020.
BILL Holdings, Inc. is a provider of software-as-a-service, cloud-based payments, and spending and expense management products. It enables users to automate accounts payable and accounts receivable transactions, enable businesses to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve back-office efficiency. It offers financial automation software for small and midsize businesses (SMBs). Through its automated solutions, it helps SMBs simplify and control their finances. It is a partner of the United States financial institutions, accounting firms, and accounting software providers. Its artificial-intelligence (AI)-enabled financial software platform creates connections between its customers, their suppliers, and their clients. Businesses on its platform generate and process invoices, streamline approvals, make, and receive payments, manage employee expenses, sync with their accounting system, and manage their cash.
BILL HOLDINGS, INC. 
