BILL proposes $1.0B convertible notes due 2030; up to $150M additional

BILL Holdings, Inc.

$1.0B aggregate principal convertible notes due April 1, 2030; initial purchasers can buy $150M more.
Proceeds: repurchase up to $200M common stock, repurchase existing 2025/2027 notes, capped call transactions.
Convertible at holder's option upon conditions; BILL may settle in cash, stock or combination.
Notes redeemable at BILL's option from Dec 2027 if stock price >=130% conversion rate.
Capped call transactions expected to offset dilution upon conversion.

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