Phreesia entered into a new credit agreement for a senior secured revolving credit facility of up to USD 275 million, with Capital One acting as agent for the lenders. At closing, Phreesia borrowed about USD 92.2 million under the facility and used the proceeds to repay all outstanding amounts under its existing bridge loan, which was terminated without penalty. The bridge loan was a 364-day USD 110 million secured term loan with Goldman Sachs Bank USA that was used to help fund the AccessOne acquisition. Phreesia repaid USD 20 million of the bridge loan during the fiscal quarter ended Jan. 31, 2026. The new revolving facility also replaced Phreesia’s existing USD 50 million senior secured asset-based revolving credit facility with Capital One, which had no outstanding borrowings and was terminated without penalty.

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. Phreesia Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603161603BIZWIRE_USPR_____20260316_BW695606) on March 16, 2026, and is solely responsible for the information contained therein.