Company: HROW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009263
Chunk: 26

Company: HARROW, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 26
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tree Loan totaled $3,859,000 and $2,953,000 for the three months ended March 31, 2025 and 2024, respectively, and included the
amortization of debt issuance costs and discount of $906,000 and $603,000, respectively.

     16 

HROWL – 8.625% Senior Notes Due 2026

In April 2021, the Company
closed an offering of $50,000,000 aggregate principal amount of 8.625% senior notes due April 2026, and in May 2021 issued an additional
$5,000,000 of such notes pursuant to the full exercise of the underwriters’ option to purchase additional notes (collectively, the
“April Notes”). The April Notes were sold to investors at a par value of $25.00 per note and the offering resulted in net
proceeds to the Company of approximately $51,909,000 after deducting underwriting discounts and commissions and other offering expenses
of $3,091,000. In September 2021, in a further issuance of the April Notes, the Company sold an additional $20,000,000 aggregate principal
amount of such notes (the “September Notes,” and together with the April Notes, the “2026 Notes”), at a price
of $25.75 per September Note, with interest of $278,000 on the September Notes being accrued from April 20, 2021, the date of issuance
of the April Notes. The September offering resulted in net proceeds to the Company of approximately $19,164,000 after deducting underwriting
discounts and commissions and other offering expenses of $1,158,000 and a premium on note issuance of $322,000. The September Notes are
treated as a single series with the April Notes under the indenture governing the April Notes, dated as of April 20, 2021, and have the
same terms as the April Notes (other than the initial offering price and issue date). The 2026 Notes are senior unsecured obligations
of the Company and rank equally in right of payment with all of the Company’s other existing and future senior unsecured and unsubordinated
indebtedness. The 2026 Notes are effectively subordinated in right of payment to all of the Company’s existing and future secured
indebtedness and structurally subordinated to all existing and future indebtedness of the Company