BILL HOLDINGS, INC Stock Price, News & Analysis

Bill.com (NYSE: BILL) has launched Bill Manager in collaboration with Wells Fargo (NYSE: WFC), aimed at automating accounts payable and receivable for small to midsize businesses (SMBs). This cloud-based solution integrates with Wells Fargo's Digital Banking service, facilitating a paperless transaction process. Bill Manager helps SMBs to streamline their financial operations, enabling invoice tracking and document storage while ensuring quick and efficient management. With over 90% of SMBs still relying on paper invoices, this innovation aims to reduce errors and enhance operational efficiency.

Bill.com (NYSE: BILL), a cloud-based software provider for financial operations, announced its participation in the Susquehanna Financial Group's Payments on the Road – Virtual Bus Tour. The event is scheduled for Thursday, December 10, 2020, at 9:00 AM PT. Participants can access a live webcast and replay on the company's investor relations website. Bill.com simplifies financial workflows for small and midsize businesses, managing both cash inflows and outflows through its AI-enabled platform.

Bill.com announced the closure of its offering of 0% convertible senior notes due 2025, raising gross proceeds of $1.15 billion. The notes, which have an initial conversion price of approximately $160.88 per share, are senior, unsecured and will mature on December 1, 2025. Net proceeds, estimated at $1.1 billion, will be utilized for general corporate purposes, including potential acquisitions. The offering includes a capped call transaction aimed at minimizing dilution upon conversion. The notes are not registered under the Securities Act.

Bill.com (NYSE: BILL) announced its participation in two upcoming investor conferences: the Credit Suisse 24th Annual Technology Conference on November 30, 2020, at 11:00am ET, and the Wells Fargo 2020 TMT Summit on December 1, 2020, at 2:00pm ET. Live webcasts and replays will be accessible on the Company's investor relations website. Bill.com is known for its cloud-based software that automates financial operations for small and midsize businesses, enhancing the management of financial workflows and processing payments effectively.

Bill.com Holdings announced the pricing of $1.0 billion in 0% convertible senior notes due 2025, increased from an initial $750 million offering. The notes will be sold to qualified institutional buyers and may result in net proceeds of approximately $981.8 million. Bill.com plans to use the proceeds for general corporate purposes, including working capital and potential acquisitions. The notes, which mature on December 1, 2025, come with a conversion rate of 6.2159 shares per $1,000 principal and a conversion price of about $160.88 per share, representing a 47.5% premium to the stock's last closing price.

Bill.com Holdings has announced plans to offer $750 million in convertible senior notes due 2025. This private placement aims to qualified institutional buyers and includes an option for initial purchasers to buy an additional $112.5 million. The notes are unsecured, with semiannual interest payments. Proceeds will fund capped call transactions and general corporate purposes, including potential acquisitions. The conversion option allows for settlement in cash, stock, or a combination. The offering is subject to market conditions and does not constitute a solicitation for these securities.

Bill.com (NYSE: BILL) has unveiled a new automated bill payment solution tailored for wealth management firms serving high-net-worth clients. This offering enhances efficiency by reducing bill management time by up to 50%, providing various payment options, and ensuring strong security protocols. The solution addresses challenges faced by firms, particularly during the pandemic, streamlining processes that were previously cumbersome. Bill.com aims to enhance trust and transparency, ultimately transforming client engagement and back-office operations.

Bill.com (NYSE: BILL), a provider of cloud-based financial software for SMBs, is set to participate in multiple investor conferences. Key presentations will occur at:

• Piper Sandler Digital Awakening Day on November 10, 2020, at 2:00 PM PT
• Bernstein Inaugural Operational Decisions Conference on November 16, 2020, at 12:30 PM ET
• Citi’s 10th Annual FinTech Conference on November 18, 2020, at 12:45 PM ET

Live webcasts and replays will be accessible on the company’s investor relations website.

Bill.com (NYSE: BILL) will report its fiscal first quarter financial results on November 5, 2020, after market close. The results will be discussed in a conference call for analysts and investors at 1:30 PM PT (4:30 PM ET) on the same day. Bill.com specializes in cloud-based software that automates financial operations for small and midsize businesses, facilitating efficient management of financial workflows and payments. Access to the news release and conference call information will be available on the company's investor relations website.