BILL discloses $300M corporate cash and $370M customer funds at SVB; expects minimal impact after government backstop

BILL Holdings, Inc.

Corporate cash at SVB was ~$300M of $2.6B total; largely uninsured initially.
Customer trust funds (FBO) at SVB ~$370M of $3.3B total.
After Federal Reserve/Treasury/FDIC joint action on March 12, all depositors fully protected; BILL expects access to substantially all deposits.
BILL redirected SVB payment processing to other banks; intends to use corporate cash to cover any uninsured FBO funds if needed.
Company believes existing cash and cash flow sufficient; closure expected to have minimal impact on financial position.

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