secwatch.observer — SEC 8-K summary
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Issuer:     Phreesia, Inc. (PHR)
CIK:        0001412408
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001412408-25-000114
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1412408/000141240825000114/0001412408-25-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1412408/000141240825000114/phr-20251112.htm
  HTML page:      https://secwatch.observer/filing/0001412408-25-000114

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