Harrow is initiating a private offering of $250.0 million senior unsecured notes due in 2030.
The company has committed to a new $40 million revolving credit facility through Fifth Third Bank.
Conditional notices of redemption have been issued for the 11.875% Senior Notes due in 2027.
Offering Details
$250.0 million aggregate principal amount of senior unsecured notes due 2030 guaranteed by the Company's subsidiaries.
New Credit Facility
Commitment for a $40 million revolving credit facility to be established after the issuance of the 2030 Notes.
Use of Proceeds
Proceeds to repay existing facilities, redeem outstanding notes, and cover exit costs with potential for further corporate utilization.
Redemption Dates
2027 Notes to be redeemed on October 9, 2025, and 2026 Notes to be redeemed 30-60 days from the Offering closing date.
- This offering and credit facility signal Harrow's strategic financial planning and debt management.
- Redeeming existing notes reflects a proactive approach to optimizing the company's financial structure.
- Expectations of general corporate use and strategic investments highlight growth and agility in Harrow's business operations.
Harrow's financial moves demonstrate a proactive approach toward strengthening its financial position and supporting future growth initiatives.