Company: HROW
Filing Date: 2025-09-08
Form Type: 8-K
Source: 0001493152-25-012778
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Company: HARROW, INC.
Filing Date: 2025-09-08
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry Into a Material Definitive Agreement.

On
September 5, 2025, Harrow, Inc. (the “ Company”) entered into a commitment letter with Fifth Third Bank, National Association
(“ Fifth Third”) in respect of a new revolving credit facility (the “ Commitment Letter”). Under the Commitment
Letter, subject to certain conditions, Fifth Third has committed to provide up to a $40.0 million senior secured revolving credit facility
(the “ New Revolving Credit Facility”), that will mature on the earlier to occur of (a) the date that is 91 days prior to
the earliest maturity date of the 2030 Notes (as defined in Item 8.01) and (b) the fifth anniversary of the closing of the New Revolving
Credit Facility. Management of the Company expects that the New Revolving Credit Facility will close shortly after the Offering (as defined
in Item 8.01).

Borrowings
under the New Revolving Credit Facility are expected to bear interest at a floating rate equal to, at the Company’s option, either
(i) a base rate plus a margin ranging from 0.25% to 0.75%, or (ii) a Secured Overnight Financing Rate (“ SOFR”)-based rate
plus a margin ranging from 1.25% to 1.75%. In addition, an unused fee of 0.25% per annum is expected to be payable monthly in arrears
based on the undrawn portion of the commitments in respect of the New Revolving Credit Facility. Borrowings under the New Revolving Credit
Facility are expected to be secured by a first priority lien in substantially all of the present and future property and assets, real
and personal, of the Company and the subsidiary guarantors, subject to customary exceptions.

The
conditions precedent to closing of the New Revolving Credit Facility include, among others, aggregate proceeds in the Offering of at
least $250.0 million, repayment of outstanding indebtedness and finalization of definitive loan documents. There can be no assurances
that the New Revolving Credit Facility will close on the terms described herein or at all. The Offering is not conditioned upon the entry
into the New Revolving Credit Facility.

Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.