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The latest announcement is out from Bill.com Holdings (BILL).
BILL Holdings, Inc. has announced its decision to repurchase approximately $748.2 million of its 0.0% Convertible Senior Notes due in 2025 for roughly $707.1 million, with the price adjustable based on the company’s stock performance. The transactions are set to conclude on March 13, 2024. Additionally, the company will terminate a portion of its capped call transactions related to the notes, expecting to gain about $7.6 million from this action, also subject to stock price adjustments. This strategic financial maneuver is aimed at optimizing the company’s capital structure and is not an offer to buy or sell securities.
See more data about BILL stock on TipRanks’ Stock Analysis page.