secwatch.observer — SEC 8-K summary
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Issuer:     BILL Holdings, Inc. (BILL)
CIK:        0001786352
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001193125-24-061518
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786352/000119312524061518/0001193125-24-061518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786352/000119312524061518/d807030d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-061518

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer