BILL Holdings unit enters $300.0 million JPMorgan revolving credit facility for Divvy receivables
On May 23, 2025, BILL Holdings' subsidiary Odin Financing entered a $300.0 million revolving credit facility with JPMorgan Chase Bank as administrative agent, maturing November 23, 2027. The loans will fund purchases of BILL Divvy Corporate Card receivables, and the facility is secured by those receivables, with the parent company providing a limited guaranty.
Key points
- Facility provides up to $300.0 million in revolving loans from JPMorgan Chase Bank, N.A. and other lenders
- Loans bear interest at SOFR-based or base rate plus an applicable margin of 1.80%
- Facility matures on November 23, 2027 and is secured by BILL Divvy Corporate Card receivables
- BILL Holdings provided a limited guaranty of Odin Financing's obligations
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 27, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.