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.
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