"

Estimated reading time: 1 minute, 5 seconds

Bill.com Raises $1.9 Billion

 Payments software company Bill.com has raised $1.9 billion in a combination of a secondary stock offering and convertible debt issue. The company recently closed both capital-raising rounds.

Proceeds to the company were $1.17 billion from the stock sale and $560.1 million from the issuance of the notes Most proceeds will go to general corporate purposes with $37.9 billion in notes specified for capped call transactions.

The company issued $500 in debt with underwriters opting to buy and additional $75 million in notes and $1 billion in stock with underwriters exercising their option to purchase $150 in additional shares.

 

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Read 1853 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.