---
schema_version: "secwatch.filing_event.v1"
accession: "0001412408-26-000057"
form_type: "8-K"
ticker: "PHR"
cik: "0001412408"
company_name: "Phreesia, Inc."
filed_at: "2026-03-16T23:59:59+00:00"
generated_at: "2026-05-15T11:30:28.163365+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Phreesia enters $275M revolving credit facility, repays bridge loan

## Summary
- New senior secured revolver of up to $275M with Capital One as agent; ~$92.2M drawn at closing.
- Proceeds used to repay outstanding bridge loan (364-day $110M term loan from Nov 2025) and terminate it.
- Company had already repaid $20M of bridge loan in fiscal Q4 ended Jan 31, 2026.
- Replaces existing $50M ABL facility (no outstanding balance) which was also terminated without penalty.
- CEO states new facility reduces borrowing costs and enhances long-term financial flexibility.

## SEC filing metadata
- accession: 0001412408-26-000057
- form_type: 8-K
- ticker: PHR
- cik: 0001412408
- company_name: Phreesia, Inc.
- filed_at: 2026-03-16T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1412408/000141240826000057/0001412408-26-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1412408/000141240826000057/phr-20260313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001412408-26-000057
- JSON: https://secwatch.observer/filing/0001412408-26-000057.json
- Plain text: https://secwatch.observer/filing/0001412408-26-000057.txt

## Source-grounded claims
- claim_id: a58174064be0925591f9c985316d2f7388c1d579
  claim: Phreesia, Inc. incurred credit facility of up to an aggregate principal amount of $275,000,000, of which approximately $92.2 million was borrowed on the Closing Da with Capital One, National Association at Term SOFR plus 2.50% or Base Rate plus 1.50% initially, thereafter Term SOFR plu.
  evidence_excerpt: On March 13, 2026 (the “Closing Date”), Phreesia, Inc. (the “Company”) and certain of its subsidiaries (collectively, the “Credit Parties”) entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, as the borrower, the other Credit Parties, as guarantors, the financial institutions from time to time party thereto as lenders, and Capital One, National Association, a national banking association (“Capital One”), as agent for the lenders and for itself as lender, providing for a senior secured revolving credit facility (the “Credit Facility”) up to an aggregate principal amount of $275,000,000, of which approximately $92.2 million was borrowed on the Closing Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1412408/000141240826000057/0001412408-26-000057-index.htm
- claim_id: babd86346f14a8cad0705e8db910faf364b62e29
  claim: Phreesia, Inc. entered into Credit Agreement with Capital One, National Association valued at senior secured revolving credit facility up to $275,000,000 (effective 2026-03-13).
  evidence_excerpt: On March 13, 2026 (the "Closing Date"), Phreesia, Inc. (the "Company") and certain of its subsidiaries (collectively, the "Credit Parties") entered into a Credit Agreement (the "Credit Agreement") by and among the Company, as the borrower, the other Credit Parties, as guarantors, the financial institutions from time to time party thereto as lenders, and Capital One, National Association, a national banking association ("Capital One"), as agent for the lenders and for itself as lender, providing for a senior secured revolving credit facility (the "Credit Facility") up to an aggregate principal amount of $275,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1412408/000141240826000057/0001412408-26-000057-index.htm
- claim_id: ed54c770b26cfbddb8be1db247cd6a0266f3b64d
  claim: Phreesia, Inc. terminated Goldman Bridge Loan Facility with Goldman Sachs Bank USA valued at terminated without penalty and repaid all outstanding indebtedness and obligations (effective 2026-03-13).
  evidence_excerpt: On March 13, 2026, in connection with the Company's entry into the Credit Facility, the Company terminated without penalty, and repaid all outstanding indebtedness and obligations under, (i) its existing bridge loan credit agreement (the "Goldman Bridge Loan Facility"), dated as of November 12, 2025, by and among the Company, as borrower, certain subsidiaries of the Company, as guarantors, the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent and collateral agent for the lenders, sole lead arranger and bookrunner, and a lender
  evidence_url: https://www.sec.gov/Archives/edgar/data/1412408/000141240826000057/0001412408-26-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.