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Payments software company Bill,.com  has raised $1.9 billion through a secondary stock offering and the sale of convertible debt. The recently closed rounds involved the sale of $1,150,000 in stock and $575 million in notes.

The proceeds will go to general corporate purposes with $38.9 billion in notes specified   for capped call transactions. Proceeds to the company were $1.17 billion from the stock sale and $560.1 million from the issuance of the notes.The offering was for $1 billion in stock and $500 million in notes with underwriters exercising their option to buy an addition $150 million in stock and $75 million in notes.

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