Phreesia, Inc. Enters into Credit Agreement

Phreesia, Inc. has entered into a Credit Agreement for a senior secured revolving credit facility totaling $275,000,000. Approximately $92.2 million was drawn on the closing date, March 13, 2026. The facility includes a swingline sublimit of $20,000,000 and a letter of credit sublimit of $10,000,000. Proceeds are intended for repaying existing indebtedness, working capital, capital expenditures, permitted acquisitions, and general corporate purposes. Interest rates are based on Term SOFR plus a margin ranging from 2.50% to 3.25% or Base Rate plus a margin ranging from 1.50% to 2.25%, depending on the total net leverage ratio. The agreement also includes customary covenants, events of default, and guarantees from certain subsidiaries. Concurrently, Phreesia terminated its existing bridge loan and asset-based revolving credit facilities.