---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-272571"
form_type: "8-K"
ticker: "BILL"
cik: "0001786352"
company_name: "BILL Holdings, Inc."
filed_at: "2024-12-06T23:59:59+00:00"
generated_at: "2026-05-29T06:40:03.502110+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BILL closes $1.4B 0% convertible note offering due 2030; repurchases existing notes and shares

## Summary
- Issued $1.4B 0% convertible notes due 2030; conversion price ~$119.45/share (35% premium to $88.48 close).
- Net proceeds ~$1.38B; used ~$130.8M to repurchase $133.9M of 2025 notes, ~$408.6M for $451.5M of 2027 notes, ~$200M for 2.26M shares at $88.48, and ~$93M for capped calls.
- Capped call transactions entered to offset potential dilution; counterparties may hedge in secondary market, impacting stock price.
- Remaining proceeds for general corporate purposes, including additional debt repurchases, share buybacks, working capital, and M&A.

## SEC filing metadata
- accession: 0001193125-24-272571
- form_type: 8-K
- ticker: BILL
- cik: 0001786352
- company_name: BILL Holdings, Inc.
- filed_at: 2024-12-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786352/000119312524272571/0001193125-24-272571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786352/000119312524272571/d869368d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-272571
- JSON: https://secwatch.observer/filing/0001193125-24-272571.json
- Plain text: https://secwatch.observer/filing/0001193125-24-272571.txt

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