BILL Holdings subsidiary enters $300M revolving credit facility for Divvy card receivables

BILL Holdings, Inc.

Subsidiary Odin Financing entered $300M revolver with JPMorgan Chase; matures Nov 23, 2027.
Interest rate: SOFR + 1.80% margin; secured by BILL Divvy Corporate Card receivables.
BILL Holdings provides a limited guaranty for Odin Financing's obligations under the facility.
Proceeds will be used solely to purchase BILL Divvy Corporate Card receivables.
Covenants restrict Odin's debt, liens, investments, affiliate transactions, and dividends.

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