By Wendy Van Sickle
Columbus, Ohio, April 15 – Harrow Health, Inc. priced a $50 million offering of 8.625% $25-par senior notes due April 30, 2026 (Egan-Jones: BB) at par on Thursday, according to a 424B5 filing with the Securities and Exchange Commission.
There is a $5 million greenshoe.
The issue size was initially expected to be $50 million with a $3.75 million greenshoe.
B. Riley Securities, Inc., Ladenburg Thalmann Co., Inc., National Securities Corp. and William Blair & Co., LLC are the bookrunners.
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.
| Issuer: | Harrow Health, Inc.
|
| Issue: | $25-par senior notes
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| Amount: | $50 million
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| Greenshoe: | $5 million
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| Maturity: | April 30, 2026
|
| Bookrunners: | B. Riley Securities, Inc., Ladenburg Thalmann Co., Inc., National Securities Corp. and William Blair & Co., LLC
|
| Co-managers: | Aegis Capital Corp., Boenning & Scattergood Inc. and Maxim Group LLC
|
| Coupon: | 8.625%
|
| Price: | Par
|
| Yield: | 8.625%
|
| Call: | At par starting Feb. 1, 2026
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| Pricing date: | April 15
|
| Settlement date: | April 20
|
| Rating: | Egan-Jones: BB
|
| Distribution: | SEC registered
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| Listing: | Nasdaq: HROWL
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