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Published on 4/14/2021 in the Prospect News High Yield Daily and Prospect News Preferred Stock Daily.

Harrow Health offers $25 million $25-par senior notes due in 2026

By Wendy Van Sickle

Columbus, Ohio, April 14 – Harrow Health, Inc. began a $25 million offering of $25-par senior notes (Egan-Jones: BB) due April 30, 2026, according to a 424B5 filing with the Securities and Exchange Commission.

There is a $3.75 million greenshoe.

B. Riley Securities, Inc., Ladenburg Thalmann Co., Inc., National Securities Corp. and William Blair & Co., LLC are the bookrunners.

Aegis Capital Corp., Boenning & Scattergood and Maxim Group LLC are the co-managers.

The notes will be redeemable at par starting Feb. 1, 2026.

Harrow Health plans to use proceeds to repay outstanding borrowings of $15.5 million under its term loan and security agreement with SWK Funding LLC. Any remaining proceeds would be used for general corporate purposes.

Harrow Health is an ophthalmic-focused health care company based in Nashville.


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