Harrow announces the pricing of a private offering of $250.0 million aggregate principal amount of 8.625% senior unsecured notes due 2030.
The offering is expected to close on September 12, 2025, subject to customary closing conditions.
The net proceeds will be used to repay existing facilities, redeem outstanding senior notes, and for general corporate purposes.
Offer Details
The offering consists of $250.0 million aggregate principal amount of 8.625% senior unsecured notes due 2030.
Use of Proceeds
Net proceeds to repay existing facilities, redeem outstanding senior notes, and for general corporate purposes.
Offering Restrictions
The 2030 Notes and related guarantees are not registered under the Securities Act and can only be offered to qualified institutional buyers or non-U.S. persons.
- The offering will significantly enhance Harrow's financial flexibility by optimizing its debt structure and providing funds for strategic business opportunities.
- Redeeming outstanding senior notes will reduce interest costs and streamline debt obligations, positively impacting the company's financial health.
Harrow's successful pricing of the $250.0 million offering of senior unsecured notes demonstrates investor confidence in the company's growth prospects and financial stability.