Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 130

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 130
---
 corporate purposes. The Capital One Credit Facility bears interest at a rate per annum based on the Secured Overnight Financing Rate (“SOFR”) or a Base Rate as specified in the Credit Agreement. As of April 30, 2025, the interest rate on the Capital One Credit Facility was 7.4%. In addition to principal and interest due under the Capital One Credit Facility, the Company is required to pay an annual fee equal to 0.25% of the unused balance of the facility. Additionally, the Company incurred creditor and third party fees of $778 upon entering into the Capital One Credit Facility. The Company recorded the fees to deferred financing costs, included within other assets on its consolidated balance sheets, and will amortize the costs over the term of the Capital One Credit Facility.

19

Table of Contents

The obligations under the Capital One Credit Facility are secured by a first priority security interest in substantially all of the tangible and intangible assets at certain of the Company's U.S. subsidiaries, and by pledges of the equity of certain of the Company's U.S. subsidiaries, in each case subject to customary exclusions.The Capital One Credit Facility includes financial covenants including, but not limited to, requiring the Company to maintain minimum Consolidated EBITDA, minimum Liquidity, a minimum Consolidated Fixed Charge Coverage Ratio, a restriction on the amount of dividends and limiting the amount of cash and cash equivalents the Company holds outside Capital One, each as defined in the Credit Agreement. The Company was in compliance with all covenants related to the Credit Agreement as of April 30, 2025.Maturities of finance leases and other debt, in each of the next five years and thereafter, are as follows: TotalFinance LeasesOther Debt2026 (Remaining nine months)$6,517 $5,607 $910 Fiscal year ending January 31:20275,985 5,266 719 20282,008 2,008 — Total maturities of finance leases and other debt$14,510 $12,881 $1,629 The following table presents the components of interest (expense) income, net:Three months ended April 30, 20252024Interest expense (1)$(435)$(553)Interest income205 792 Interest (expense) income, net$(230)$239 (1) Includes amortization of deferred financing costs and original issue discount.

7. Stockholders' equity

(a) Common stockThe Company