HARROW, INC. ISSUES $50.0 MILLION SENIOR UNSECURED NOTES

By Chris Stiles • Wednesday, March 25 04:23 • Permanent Link

Harrow said it priced a new $50.0 million tranche of senior unsecured notes due 2030, adding to the $250.0 million of 8.625% notes it sold on Sept. 12, 2025.

The new notes carry the same 8.625% annual coupon as the existing series and will be issued under the same indenture, making them part of a single $300.0 million series once the deal closes. Harrow said the new notes are priced at 100.25% of principal, plus accrued interest from March 15, 2026.

The company expects to close the offering on March 27, 2026. Interest will be paid twice a year, with the first payment on Sept. 15, 2026, and the notes will mature on Sept. 15, 2030.

Harrow said it plans to use the proceeds for general corporate purposes, including accelerating growth through new product launches, funding product development, pursuing strategic business development opportunities, and making related investments. Following these announcements, the company's shares moved -1.22%, and are now trading at a price of $47.90. Check out the company's full 8-K submission here.

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