BILL repurchases $748.2M of 0.0% convertible notes due 2025 for $707.1M cash

BILL Holdings, Inc.

Repurchased $748.2M principal of 0.0% Convertible Senior Notes due 2025 for ~$707.1M, a ~5.5% discount.
After cancellation, $401.8M principal of the notes will remain outstanding.
Partially unwound related capped call transactions; expects ~$7.6M cash receipt.
Repurchases expected to close March 13, 2024, subject to customary conditions.

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