---
schema_version: "secwatch.filing_event.v1"
accession: "0001786352-25-000024"
form_type: "8-K"
ticker: "BILL"
cik: "0001786352"
company_name: "BILL Holdings, Inc."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T11:06:11.092694+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001786352-25-000024
- form_type: 8-K
- ticker: BILL
- cik: 0001786352
- company_name: BILL Holdings, Inc.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786352/000178635225000024/0001786352-25-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786352/000178635225000024/bill-20250523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001786352-25-000024
- JSON: https://secwatch.observer/filing/0001786352-25-000024.json
- Plain text: https://secwatch.observer/filing/0001786352-25-000024.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786352/000178635225000024/0001786352-25-000024-index.htm

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