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.
