Harrow, Inc. announced the commencement of a private offering for $250.0 million aggregate principal amount of senior unsecured notes due 2030. Concurrently, the company secured a commitment letter with Fifth Third Bank, National Association, for a new $40.0 million revolving credit facility, expected to mature on the earlier of 91 days prior to the 2030 Notes maturity or the fifth anniversary of its closing.
The net proceeds from the notes offering are intended to repay in full the $107.5 million facility with Oaktree Fund Administration, LLC, and to redeem the $75.0 million outstanding 8.625% Senior Notes due 2026 and the $40.25 million outstanding 11.875% Senior Notes due 2027. This strategic refinancing addresses significant debt maturities in early 2026.
Harrow delivered a conditional notice of full redemption for the 2027 Notes on October 9, 2025, and expects to deliver a notice for the 2026 Notes following the offering's closing. This comprehensive financing plan aims to strengthen the company's capital structure and provide flexibility for general corporate purposes, including future strategic business development opportunities.
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