Harrow, Inc. Files 8-K on Senior Notes Agreements
Ticker: HROW · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1360214
| Field | Detail |
|---|---|
| Company | Harrow, INC. (HROW) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $30,000,000, $37,000,000, $107,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, material-definitive-agreement
Related Tickers: HROW
TL;DR
Harrow filed an 8-K confirming its 8.625% and 11.875% senior notes due 2026 and 2027 respectively.
AI Summary
On October 25, 2024, Harrow, Inc. entered into a material definitive agreement related to its senior notes. Specifically, the company entered into an indenture for its 8.625% Senior Notes due 2026 and its 11.875% Senior Notes due 2027. This filing also indicates the creation of a direct financial obligation for the registrant.
Why It Matters
This filing provides clarity on Harrow's existing debt obligations, which is crucial for investors assessing the company's financial structure and leverage.
Risk Assessment
Risk Level: low — The filing pertains to existing debt agreements and does not introduce new risks or significant changes.
Key Numbers
- 8.625% — Senior Notes Interest Rate (Interest rate on notes due 2026)
- 11.875% — Senior Notes Interest Rate (Interest rate on notes due 2027)
- 2026 — Maturity Year (Maturity year for 8.625% senior notes)
- 2027 — Maturity Year (Maturity year for 11.875% senior notes)
Key Players & Entities
- HARROW, INC. (company) — Filer
- 8.625% Senior Notes due 2026 (dollar_amount) — Financial Obligation
- 11.875% Senior Notes due 2027 (dollar_amount) — Financial Obligation
FAQ
What specific event triggered this 8-K filing for Harrow, Inc.?
The filing was triggered by the entry into a material definitive agreement related to its senior notes and the creation of a direct financial obligation.
What are the details of the senior notes mentioned in the filing?
The filing mentions Harrow's 8.625% Senior Notes due 2026 and 11.875% Senior Notes due 2027.
When did the event reported in this 8-K occur?
The earliest event reported occurred on October 25, 2024.
What is the ticker symbol for Harrow, Inc.?
The filing implicitly refers to Harrow, Inc. (HROW) through its stock and note identifiers.
What is the primary business of Harrow, Inc.?
Harrow, Inc. is in the Pharmaceutical Preparations industry (SIC code 2834).
Filing Stats: 786 words · 3 min read · ~3 pages · Grade level 13.3 · Accepted 2024-10-28 07:00:38
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share HROW The Nasdaq
- $30,000,000 — mpany drew down the principal amount of $30,000,000 (the "$30,000,000 Draw") under a pre-ex
- $37,000,000 — milestone payment to Novartis equal to $37,000,000 upon the commercial availability of Tri
- $107,500,000 — n down a total principal loan amount of $107,500,000 under the Oaktree Loan and no additiona
Filing Documents
- form8-k.htm (8-K) — 46KB
- 0001493152-24-042600.txt ( ) — 270KB
- hrow-20241025.xsd (EX-101.SCH) — 4KB
- hrow-20241025_def.xml (EX-101.DEF) — 30KB
- hrow-20241025_lab.xml (EX-101.LAB) — 36KB
- hrow-20241025_pre.xml (EX-101.PRE) — 27KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HARROW, INC. Dated: October 28, 2024 By: /s/ Andrew R. Boll Andrew R. Boll Chief Financial Officer