Mar. 16 at 8:08 PM
$PHR Phreesia announces refinancing of bridge loan with
$275M credit capacity
Phreesia "announced the refinancing of its existing bridge loan by its entry into a new credit agreement providing for a senior secured revolving credit facility of up to
$275M in aggregate principal amount, with Capital One, National Association serving as agent for the lenders. The Company borrowed approximately
$92.2M under the New Credit Facility at closing and used the proceeds to repay all outstanding indebtedness and obligations under the Bridge Loan, which was terminated without penalty. Remaining availability under the New Credit Facility may be used for working capital, capital expenditures, permitted acquisitions and other general corporate purposes."
