NASHVILLE, Tenn., March  24, 2026  (GLOBE NEWSWIRE) -- Harrow (Nasdaq: HROW), a leading provider of ophthalmic disease management solutions in North America, today announced that it intends to offer, subject to market

HROW

Harrow Announces Add-On Offering of $50.0 Million of Senior Unsecured Notes to Support Growth

Harrow announces $50 million senior unsecured notes offering to spur growth

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NASHVILLE, Tenn., March  24, 2026  (GLOBE NEWSWIRE) -- Harrow (Nasdaq: HROW), a leading provider of ophthalmic disease management solutions in North America, today announced that it intends to offer, subject to market</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Harrow intends to issue an additional $50 million in senior unsecured notes to finance growth and product development. This move demonstrates Harrow&#039;s commitment to expanding its ophthalmic solutions, potentially impacting market positioning and investor perception positively.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Harrow plans $50 million additional senior unsecured notes offering.</li><li>The proceeds will support growth initiatives and product development.</li><li>2030 Notes will match terms of existing $250 million notes issued in 2025.</li><li>Offering targets qualified institutional buyers and is exempt from SEC registration.</li><li>Company&#039;s future growth heavily relies on effective utilization of raised funds.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Harrow Inc. (HROW)</strong>: The funds will support HROW&#039;s growth initiatives, crucial for market competitiveness.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; due to strategic financing efforts aimed at growth initiatives. Such maneuvers can significantly influence a company&#039;s market trajectory.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The issuance signals confidence in future growth, impacting investor sentiment positively.</li><li>Proceeds aimed at product development could lead to revenue growth in 2026.</li><li>The 8.625% interest rate indicates strong demand for Harrow&#039;s debt offerings.</li><li>Utilization of funds for strategic initiatives may enhance competitive positioning.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>$50 million additional 2030 Notes offering announced on March 24, 2026.</li><li>The interest rate for these notes is 8.625%.</li><li>2030 Notes to be issued under existing indenture with $250 million previously issued.</li><li>Proceeds will support growth and potential new product launches.</li><li>Offering is to qualified institutional buyers and outside the U.S.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider a bullish stance on HROW, anticipating short-term performance uplift.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NASHVILLE, Tenn., March  24, 2026  (GLOBE NEWSWIRE) -- Harrow (Nasdaq: HROW), a leading provider of ophthalmic disease management solutions in North America, today announced that it intends to offer, subject to market and certain other conditions, an additional $50.0 million in aggregate principal amount of its 8.625% senior unsecured notes due 2030 (the &#34;2030 Notes&#34;). The 2030 Notes will be guaranteed on a senior unsecured basis by the Company's existing and future wholly-owned domestic restricted subsidiaries and any of its other restricted subsidiaries that guarantees or co-issues any of its indebtedness or any indebtedness of any of its subsidiaries that guarantees the 2030 Notes, subject to certain exceptions. The 2030 Notes will be issued as additional notes under the same indenture governing the $250,000,000 aggregate principal amount of 2030 Notes that were issued on September 12, 2025 (the "Existing Notes"), will be treated as a single series with the Existing Notes and will have the same terms as the Existing Notes other than with respect to the date of issuance and the issue price.</p>  <p align="justify">Harrow intends to use the net proceeds from this incremental issuance for general corporate purposes, which may include initiatives to accelerate growth (e.g., new product launches), funding upcoming product development activities, future strategic business development opportunities, and related investments.</p>  <p align="justify">The 2030 Notes and the related guarantees have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), any state securities laws or the securities laws of any other jurisdiction, and may not be offered or sold in the United States, or for the benefit of U.S. persons, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities or blue sky laws. Accordingly, the 2030 Notes and the related guarantees are being offered only to persons reasonably believed to be "qualified institutional buyers," as that term is defined under Rule 144A of the Securities Act, or outside the United States to non-"U.S. persons" in accordance with Regulation S under the Securities Act.</p>  <p align="justify">A confidential offering memorandum for the Offering, dated as of today, is being made available to such eligible persons. The Offering is being conducted in accordance with the terms and subject to the conditions set forth in such confidential offering memorandum.</p>  <p align="justify">This press release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offer, or solicitation to buy, if at all, will be made only by means of a confidential offering memorandum.</p>  <p align="justify"><strong>About</strong> <strong>Harrow</strong><br></br>Harrow, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HROW">HROW</a>) is a leading provider of ophthalmic disease management solutions in North America, offering a comprehensive portfolio of products that address conditions affecting both the front and back of the eye, such as dry eye disease, wet (or neovascular) age-related macular degeneration, cataracts, refractive errors, glaucoma and a range of other ocular surface conditions and retina diseases. Harrow was founded with a commitment to deliver safe, effective, accessible, and affordable medications that enhance patient compliance and improve clinical outcomes.</p>  <p align="justify"><strong>Forward-Looking</strong> <strong>Statements</strong><br></br>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act, including, without limitation, statements regarding the Offering and the expected use of proceeds therefrom. These statements are based on currently available operating, financial, economic and other information, and are subject to a number of significant risks and uncertainties. A variety of factors, many of which are beyond our control, could cause actual future results to differ materially from those projected in the forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: changes in market conditions, negotiation of final transaction documents, changes in operations, business, financial or other conditions relevant to the planned transactions, and other execution risks related to the completion of the transactions described herein, as well as other risks detailed in our most recent annual report on Form 10-K and other filings with the Securities and Exchange Commission. We believe these forward-looking statements are reasonable; however, you should not place undue reliance on any forward-looking statements, which are based on current expectations. Furthermore, forward-looking statements speak only as of the date they are made. If any of these risks or uncertainties materialize, or if any of our underlying assumptions are incorrect, we may not be able to complete the potential transactions on terms expected or at all, and our actual results may differ significantly from those expected or implied by our forward-looking statements. These and other risks are detailed in our filings with the Securities and Exchange Commission. We do not undertake any obligation to publicly update or revise these forward-looking statements after the date of this press release to reflect future events or circumstances, except as required by applicable law. We qualify any and all of our forward-looking statements by these cautionary factors.</p>  <p><strong>Contact:</strong></p>  <p align="left">Mike Biega <br></br>Vice President of Investor Relations and Communications<br></br><a href="https://www.globenewswire.com/Tracker?data=T6ZCfGX_sbh0X2VmI-TkWNSSpMLMZUlg81fJAPiCEHOGZIEDRrskNo-Rcvv6PbtpogamCkmu9oc93NSOtzqxQNw3GaFsP7tx0WMhEK-Yqms=" rel="nofollow" target="_blank">mbiega@harrowinc.com</a> <br></br>617-913-8890</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY3NzQ5OCM3NTAwMTk2IzIwMDQ0NDk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZDdhYjE5NjItYzZhYS00YWNiLWE3ZjItNTIxN2EzNDI2MjE2LTEwMTYwMjItMjAyNi0wMy0yNC1lbg==/tiny/Harrow-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8e0382bf-e00a-4591-87aa-4e90001aabea"><img src="https://ml.globenewswire.com/media/8e0382bf-e00a-4591-87aa-4e90001aabea/small/bw-harrow-logo-cmyk-wtag-wr-jpg.jpg" border="0" width="150" height="79" alt="Primary Logo"></img></a></p>

Harrow intends to issue an additional $50 million in senior unsecured notes to finance growth and product development. This move demonstrates Harrow's commitment to expanding its ophthalmic solutions, potentially impacting market positioning and investor perception positively.

Harrow Announces Add-On Offering of $50.0 Million of Senior Unsecured Notes to Support Growth

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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