Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BILL Holdings, Inc. incurred revolving credit of $300.0 million with JPMorgan Chase Bank, N.A. at one-month secured overnight financing rate or a base rate, plus an applicable ma maturing November 23, 2027.
- Instrument
- revolving credit
- Principal
- $300.0 million
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- one-month secured overnight financing rate or a base rate, plus an applicable ma
- Maturity
- November 23, 2027
- Event
- incurrence
Exact text from the filing
On May 23, 2025, Odin Financing, LLC (“Odin Financing”), a wholly-owned subsidiary of BILL Holdings, Inc. (the “Company”), entered into a Revolving Credit and Security Agreement (the “2025 Credit Facility”) with JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent, and the lenders party thereto. The 2025 Credit Facility will provide for up to $300.0 million in revolving loans to be used by Odin Financing to purchase BILL Divvy Corporate Card receivables. The 2025 Credit Facility will mature on November 23, 2027. In connection with the 2025 Credit Facility, the Company entered into a limited guaranty and indemnity agreement with JPMorgan, whereunder the Company provided a limited guaranty with respect to the obligations of Odin Financing under the 2025 Credit Facility, and Odin Financing entered into a Security Agreement with JPMorgan, pursuant to which obligations under the 2025 Credit Facility are secured by BILL Divvy Corporate Card receivables and certain related collater
View on SEC.gov