---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-268892"
form_type: "8-K"
ticker: "BILL"
cik: "0001786352"
company_name: "BILL Holdings, Inc."
filed_at: "2024-12-02T23:59:59+00:00"
generated_at: "2026-05-29T11:30:57.505151+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-24-268892
- form_type: 8-K
- ticker: BILL
- cik: 0001786352
- company_name: BILL Holdings, Inc.
- filed_at: 2024-12-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786352/000119312524268892/0001193125-24-268892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786352/000119312524268892/d868870d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-268892
- JSON: https://secwatch.observer/filing/0001193125-24-268892.json
- Plain text: https://secwatch.observer/filing/0001193125-24-268892.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.