secwatch.observer — SEC 8-K summary
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Issuer:     Phreesia, Inc. (PHR)
CIK:        0001412408
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001412408-26-000057
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1412408/000141240826000057/0001412408-26-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1412408/000141240826000057/phr-20260313.htm
  HTML page:      https://secwatch.observer/filing/0001412408-26-000057

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