secwatch.observer — SEC 8-K summary
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Issuer:     BILL Holdings, Inc. (BILL)
CIK:        0001786352
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001193125-24-149868
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786352/000119312524149868/0001193125-24-149868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786352/000119312524149868/d836476d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-149868

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