Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 1573

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 1573
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 related
to the BR Loan totaled $1,565,000 for the year ended December 31, 2023, and included amortization of debt issuance costs and debt discount
of $356,000. The Company recorded a loss of $5,465,000 related to the early extinguishment of debt associated with the BR Loan.

A summary of the Company’s
debt at December 31, 2024 and 2023 is described as follows:

 SCHEDULE OF LONG TERM DEBT

    December 31,  
    December 31, 

    2024  
    2023 
  
    8.625% Senior Notes due April 2026 
    $75,000,000  
    $75,000,000 
  
    11.875% Senior Notes due December 2027 
     40,250,000  
     40,250,000 
  
    Oaktree Loan due January 2026 
     111,263,000  
     80,213,000 
  
    Notes payable gross 
     226,513,000  
     195,463,000 
  
    Less: Unamortized debt discount and issuance costs 
     (6,974,000) 
     (9,578,000)
  
    Notes payable net 
    $219,539,000  
    $185,885,000 

For the years ended December 31, 2024 and 2023,
the total effective interest rate of the Company’s debt was 10.74%, and 10.58%, respectively.

At December 31, 2024, future minimum payments under
the Company’s debt were as follows:

SCHEDULE OF FUTURE MINIMUM PAYMENT UNDER NOTES PAYABLES  

    Amount 
  
    2025 
    $23,877,000 
  
    2026 
     193,830,000 
  
    2027 
     45,030,000 
  
    Total minimum payments 
     262,737,000 
  
    Less: amount representing interest payments 
     (36,224,000)
  
    Notes payable, gross 
     226,513,000 
  
    Less: unamortized discount, net of premium 
     (6,974,000)
  
    Notes payable, net of unamortized discount 
    $219,539