Business
Harrow Announces Pricing of $50.0 Million Offering of Senior Unsecured Notes Due 2030
NASHVILLE, Tenn., March 24, 2026 (GLOBE NEWSWIRE) -- Harrow (Nasdaq: HROW), a leading provider of ophthalmic disease management solutions in North America,
About this update from Harrow, Inc.
[{"type":"text","content":"NASHVILLE, Tenn., March 24, 2026 (GLOBE NEWSWIRE) -- Harrow (Nasdaq: HROW), a leading provider of ophthalmic disease management solutions in North America, today announced the pricing of its private offering (the “Offering”) of $50.0 million aggregate principal amount of 8.625% senior unsecured notes due 2030 (the “2030 Notes”). The 2030 Notes will be guaranteed on a senior unsecured basis by the Company’s existing and future wholly-owned domestic restricted subsidiaries and any of its other restricted subsidiaries that guarantees or co-issues any of its indebtedness or any indebtedness of any of its subsidiaries that guarantees the 2030 Notes, subject to certain exceptions. The Offering is expected to close on March 27, 2026, subject to customary closing conditions. The $50.0 million aggregate principal amount of 2030 Notes will be issued as additional notes under the same indenture governing the $250,000,000 aggregate principal amount of 2030 Notes that were issued on September 12, 2025 (the “Existing Notes”) and will be treated as a single series with the Existing Notes and will have the same terms as the Existing Notes, other than with respect to the date of issuance and the issue price. The 2030 Notes bear interest at a rate of 8.625% per annum and will mature on September 15, 2030. Interest on the 2030 Notes will be payable semi-annually in cash in arrears on March 15 and September 15 of each year. Interest on the 2030 Notes will be deemed to have accrued from March 15, 2026, which was the last interest payment date for the Existing Notes, and will be payable beginning on September 15, 2026. The $50.0 million aggregate principal amount of 2030 Notes will be issued at an offering price of 100.25% of the principal amount thereof plus accrued interest from March 15, 2026. Harrow intends to use the net proceeds from this incremental issuance for general corporate purposes, which may include initiatives to accelerate growth (e.g., new product launches), funding upcoming product development activities, future strategic business development opportunities, and related investments. The 2030 Notes and the related guarantees have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), any state securities laws or the securities laws of any other jurisdiction, and may not be offered or sold in the Unit...