04:32 PM EDT, 03/16/2026 (MT Newswires) -- Phreesia ( PHR ) said late Monday it has refinanced its bridge loan after striking an agreement for a senior secured revolving credit facility of up to $275 million.

The company said Capital One, National Association served as agent for the lenders.

Phreesia ( PHR ) said it borrowed about $92.2 million under the new facility and used the proceeds to repay its debt under the bridge loan, which was terminated without penalty.

The company said it may use the remaining availability for working capital, capital expenditures, acquisitions and other general corporate purposes.