8-K filed November 12, 2025, 6:59 PM ET ticker PHR CIK 0001412408

M&A confidence high sentiment neutral materiality 0.90

Phreesia completes $163M acquisition of AccessOne, funded with $110M bridge loan

Phreesia, Inc.

Acquired AccessOne Parent Holdings for approx. $163M in cash on Nov. 12, 2025, using $107M net from new $110M bridge loan, $50M balance sheet cash, and $6M acquired cash.
Entered 364-day $110M secured bridge credit agreement with Goldman Sachs Bank USA as agent; entire amount funded at closing.
Bridge loan bears SOFR plus applicable margin; duration fees of 0.75%, 1.25%, 1.50% apply if outstanding beyond 90, 180, 270 days; matures Nov. 11, 2026.
Amended existing Capital One ABL credit facility to accommodate the acquisition and bridge loan, deeming them permitted transactions.
Company expects to refinance or replace the bridge loan with a long-term credit facility.

item 1.01 item 2.01 item 2.03 item 9.01

Machine-readable event card

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accession: 0001412408-25-000114
form_type: 8-K
ticker: PHR
cik: 0001412408
company_name: Phreesia, Inc.
filed_at: 2025-11-12T23:59:59+00:00
discovered_at: 2026-05-14T18:02:39.344524+00:00
generated_at: 2026-05-16T21:00:52.084123+00:00
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Source-grounded claims

4579a5b661ebeab180b03d62ce9be7de565c4f77

Phreesia, Inc. incurred term loan of $110 million secured term loan with Goldman Sachs Bank USA at forward-looking Secured Overnight Financing Rate (such borrowings, “SOFR Loans”) maturing November 11, 2026.

On the Closing Date, in connection with the closing of the AccessOne Acquisition, the Company entered into a bridge loan credit agreement (the “Bridge Credit Agreement”) by and among the Company, the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent, collateral agent, sole lead arranger and bookrunner, with respect to a 364-day $110 million secured term loan (the “Bridge Loan”).

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

f2cfa27723663a16ae0f985f57021b803e5bc315

Phreesia, Inc. completed an acquisition involving AccessOne Parent Holdings, Inc. for approximately $163 million in cash (closed 2025-11-12).

above is incorporated by reference into this Item 2.01. In accordance with the Merger Agreement, AccessOne's equityholders received consideration transferred of approximately $163 million in cash, subject to certain customary purchase price adjustments set forth in the Merger Agreement. The purchase price was funded by approximately (i) $107 million of net

SEC 8-K Item 2.01/5.01 confidence 0.9 SEC evidence

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On the Closing Date, in connection with the closing of the AccessOne Acquisition, the Company entered into a bridge loan credit agreement (the “Bridge Credit Agreement”) by and among the Company, the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent, collateral agent, sole lead arranger and bookrunner, with respect to a 364-day $110 million secured term loan (the “Bridge Loan”).

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On the Closing Date, in connection with the closing of the AccessOne Acquisition, the Company entered into a bridge loan credit agreement (the “Bridge Credit Agreement”) by and among the Company, the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent, collateral agent, sole lead arranger and bookrunner, with respect to a 364-day $110 million secured term loan (the “Bridge Loan”).

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On the Closing Date, in connection with the closing of the AccessOne Acquisition, the Company entered into a bridge loan credit agreement (the “Bridge Credit Agreement”) by and among the Company, the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent, collateral agent, sole lead arranger and bookrunner, with respect to a 364-day $110 million secured term loan (the “Bridge Loan”).

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above is incorporated by reference into this Item 2.01. In accordance with the Merger Agreement, AccessOne's equityholders received consideration transferred of approximately $163 million in cash, subject to certain customary purchase price adjustments set forth in the Merger Agreement. The purchase price was funded by approximately (i) $107 million of net

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