secwatch.observer — SEC 8-K summary
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Issuer:     BILL Holdings, Inc. (BILL)
CIK:        0001786352
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0001786352-25-000024
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786352/000178635225000024/0001786352-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786352/000178635225000024/bill-20250523.htm
  HTML page:      https://secwatch.observer/filing/0001786352-25-000024

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