Bill Holdings Inc. Secures $300 Million Revolving Credit Facility with JPMorgan Chase to Boost Corporate Card Receivables
Bill Holdings Inc., through its wholly-owned subsidiary Odin Financing, LLC, has secured a new revolving credit facility agreement with JPMorgan Chase Bank, N.A., which acts as the administrative agent. The agreement, signed on May 23, 2025, provides Odin Financing with up to $300 million to purchase BILL Divvy Corporate Card receivables. This 2025 Credit Facility is set to mature on November 23, 2027, and includes a limited guaranty and indemnity agreement from Bill Holdings to ensure obligations are met. The loans will carry interest based on the one-month secured overnight financing rate or a base rate, with an additional margin of 1.80%. The arrangement includes customary covenants and events of default, ensuring structured compliance and financial management.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bill Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001786352-25-000024), on May 27, 2025, and is solely responsible for the information contained therein.
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