08:57 AM EDT, 09/08/2025 (MT Newswires) -- Harrow (HROW) said Monday it launched a $250 million private offering of senior unsecured notes due 2030.

Harrow said it expects to use the net proceeds to repay its $107.5 million facility with Oaktree Fund Administration, to redeem $75 million of its outstanding 8.625% senior notes and $40.3 million of its outstanding 11.875% senior notes, and to pay certain related exit costs. Any remaining proceeds are expected to be used for general corporate purposes, which may include funding future business development opportunities and related investments, the company said.

Harrow also said it entered into a commitment letter for a new revolving credit facility of up to $40 million with Fifth Third Bancorp's ( FITB ) Fifth Third Bank. The credit facility is expected to mature 91 days before the earliest maturity date of the 2030 notes or the fifth anniversary of the closing of the facility, whichever comes first, according to the company.

Harrow shares were up 5.5% in recent premarket activity.