Phreesia Secures $110 Million Bridge Loan Led by Goldman Sachs for AccessOne Acquisition
Phreesia Inc. has entered into a $110 million, 364-day secured bridge loan credit agreement with a group of lenders led by Goldman Sachs Bank USA. The proceeds from this bridge loan were used to help fund Phreesia's acquisition of AccessOne and to cover related fees and expenses. The company plans to refinance or replace this short-term bridge loan with a long-term credit facility in the future. In addition, Phreesia amended its existing credit and security agreements with Capital One to ensure the AccessOne acquisition and the new bridge loan are compliant with existing terms. The amendments clarify that the acquisition is a "Permitted Acquisition" and the bridge loan is "Permitted Indebtedness" under the Capital One Credit Agreement, and make additional adjustments to prepayment provisions, covenants, and event of default terms to accommodate the new financing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phreesia Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001412408-25-000114), on November 12, 2025, and is solely responsible for the information contained therein.
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