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Harrow Prices $250 Million Senior Notes Offering

BY MT Newswires | CORPORATE | 09/09/25 04:20 AM EDT

04:20 AM EDT, 09/09/2025 (MT Newswires) -- Harrow (HROW) said late Monday it priced a $250 million private offering of 8.625% senior unsecured notes due in 2030.

Harrow said it plans to use the proceeds from the offering, set to close on Friday, to fully repay a $107.5 million loan from Oaktree, redeem certain notes and cover related exit costs.

Any remaining funds will go toward general corporate purposes, the company said.

Harrow shares gained 2.5% in premarket activity Tuesday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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