BILL repurchases $234.5M of 2025 convertible notes for $221.7M cash

BILL Holdings, Inc.

Repurchased ~$234.5M principal of 0.0% Convertible Notes due 2025 for $221.7M cash.
Settlement expected June 4, 2024; remaining notes outstanding ~$167.3M after cancellation.
Partial termination of associated capped call transactions; expects ~$1.1M from unwind.
Repurchases privately negotiated; no impact to existing noteholders beyond reduction.

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