HARROW, INC. 8-K

What Happened

• On March 24, 2026 Harrow, Inc. announced the launch of a private offering to sell $50.0 million aggregate principal amount of additional 8.625% Senior Notes due 2030.
• The new notes will be issued under the same indenture as Harrow’s existing $250.0 million aggregate principal amount of 8.625% Senior Notes issued on September 12, 2025, and will be treated as a single series with the existing notes (same terms except issue date and issue price).
• The offering is being made to persons reasonably believed to be “qualified institutional buyers” in the U.S. under Rule 144A and to certain non-U.S. persons in offshore transactions under Regulation S. The company attached a press release dated March 24, 2026 to the 8-K.

Key Details

• Offering size: $50.0 million aggregate principal amount (additional notes).
• Coupon and maturity: 8.625% interest, due 2030 (same as existing notes).
• Existing related securities: $250.0 million of 8.625% Senior Notes due 2030 issued Sept 12, 2025; new notes will constitute the same series.
• Use of proceeds: net proceeds intended for general corporate purposes, including funding growth initiatives (e.g., product launches), product development, strategic business opportunities; closing is not guaranteed and terms may change.

Why It Matters

• If completed, this transaction would increase Harrow’s outstanding senior debt under the same note series, raising the company’s interest obligations (8.625% coupon) and total funded debt.
• Proceeds are earmarked for corporate growth and development activities rather than equity financing, so effects would be on balance-sheet leverage and interest expense rather than share count.
• The offering is conditional and targeted to institutional investors under Rule 144A/Reg S; there is no assurance it will close or that terms will be favorable, per the company’s disclosure.