Business

Phreesia Announces Refinancing of Bridge Loan with New $275 Million Revolving Credit Facility

ALL-REMOTE COMPANY/WILMINGTON, Del., March 16, 2026--Phreesia, Inc. (NYSE: PHR) ("Phreesia" or the "Company") today announced the refinancing of its existing bridge loan (the "Bridge Loan") by its entry into a new credit agreement providing for a senior secured revolving credit facility (the "New Credit Facility") of up to $275 million in aggregate principal amount, with Capital One, National Association ("Capital One") serving as agent for the lenders. The Company borrowed approximately $92.2 m

articleCapital One Financial CorporationMarch 16, 20265/company/capital-one-financial-corporation/news/phreesia-announces-refinancing-of-bridge-loan-with-new-dollar275-million-revolving-credit-facility-1
Phreesia Announces Refinancing of Bridge Loan with New $275 Million Revolving Credit Facility

About this update from Capital One Financial Corporation

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/4f590e871032f7cf09e1d8df836f4188"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LVORWQIiwtKJIP440AvlAQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/4f590e871032f7cf09e1d8df836f4188","width":480,"height":480}},"lazy":false},{"type":"text","content":"Company repaid $20 million of bridge loan during fiscal fourth quarter and fully refinanced remaining balance with new long-term credit facility","length":144,"tagName":"p","attribs":{}},{"type":"text","content":"ALL-REMOTE COMPANY/WILMINGTON, Del., March 16, 2026--(BUSINESS WIRE)--Phreesia, Inc. (NYSE: PHR) ("Phreesia" or the "Company") today announced the refinancing of its existing bridge loan (the "Bridge Loan") by its entry into a new credit agreement providing for a senior secured revolving credit facility (the "New Credit Facility") of up to $275 million in aggregate principal amount, with Capital One, National Association ("Capital One") serving as agent for the lenders. The Company borrowed approximately $92.2 million under the New Credit Facility at closing and used the proceeds to repay all outstanding indebtedness and obligations under the Bridge Loan, which was terminated without penalty. Remaining availability under the New Credit Facility may be used for working capital, capital expenditures, permitted acquisitions and other general corporate purposes.","length":920,"tagName":"p"},{"type":"text","content":"The Bridge Loan, a 364-day $110 million secured term loan with Goldman Sachs Bank USA dated November 12, 2025, was used to fund a portion of the consideration for the acquisition of AccessOne Parent Holdings, Inc. and its subsidiaries (the "AccessOne Acquisition"). During the fiscal quarter ended January 31, 2026, the Company repaid $20 million of the outstanding principal balance of the Bridge Loan.","length":413,"tagName":"p"},{"type":"text","content":"The New Credit Facility also replaces the Company's existing $50 million senior secured asset-based revolving credit facility with Capital One, which had no outstanding borrowings and was terminated wit...

More updates from Capital One Financial Corporation

Capital OneThe CompanyPhreesiarevolving credit facilitybridge loanForward-Looking StatementsCredit Facility