Phreesia expands receivables facility 50% to $300M, extends maturity to 2029

Filed May 4, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  AccessOne Funding increased its receivables purchase facility from $200M to $300M and extended maturity from May 2026 to April 2029, providing additional liquidity and eliminating near-term refinancing risk.

  Item 1.01 verify on EDGAR →
• medium

  Phreesia added as joint guarantor alongside AccessOne Holdings for servicer performance obligations (not patient payment defaults), increasing parent company's contingent liabilities to support the expanded facility.

  Item 1.01 verify on EDGAR →
• medium

  Concentration limit for below-investment-grade or unrated healthcare providers tripled from 5% to 15% of eligible receivables, providing flexibility but potentially increasing credit risk in the receivables pool.

  Item 1.01 verify on EDGAR →