---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-009287"
form_type: "8-K"
ticker: "HROW"
cik: "0001360214"
company_name: "HARROW, INC."
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T12:27:57.344950+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Harrow secures $100M Oaktree credit facility, repays B. Riley loan

## Summary
- New $100M secured interest-only loan from Oaktree; $65M drawn immediately to pay off B. Riley debt.
- Interest rate = SOFR + 6.50%; maturity January 2026; secured by nearly all assets.
- Up to $35M additional (Tranche B) available upon commercialization of Triesence.
- No exit fees on B. Riley loan payoff; company paid $3.1M in fees and OID at closing.
- Covenants include minimum cash and revenue; warrants possible only if 2024 leverage exceeds 5x, but not expected.

## SEC filing metadata
- accession: 0001493152-23-009287
- form_type: 8-K
- ticker: HROW
- cik: 0001360214
- company_name: HARROW, INC.
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1360214/000149315223009287/0001493152-23-009287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1360214/000149315223009287/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-009287
- JSON: https://secwatch.observer/filing/0001493152-23-009287.json
- Plain text: https://secwatch.observer/filing/0001493152-23-009287.txt

## Key facts
- Debt Financings
  HARROW, INC. incurred credit facility of up to $100,000,000 with Oaktree Fund Administration, LLC, as administrative agent for the lenders at SOFR plus 6.5% per annum maturing January 19, 2026.
  - Instrument: credit facility
  - Principal: up to $100,000,000
  - Counterparty: Oaktree Fund Administration, LLC, as administrative agent for the lenders
  - Rate: SOFR plus 6.5% per annum
  - Maturity: January 19, 2026
  - Event: incurrence
  source text: On March 27, 2023, Harrow Health, Inc. and certain of its affiliates (together, the “ Company ”) entered into a Credit and Guaranty Agreement (the “ Oaktree Loan ”) with Oaktree Fund Administration, LLC, as administrative agent for the lenders (together, “ Oaktree ”), providing for a loan to the Company with a principal amount of up to $100,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1360214/000149315223009287/0001493152-23-009287-index.htm
- Material Agreements
  HARROW, INC. terminated B. Riley Loan with B. Riley Commercial Capital, LLC (effective 2022-12-14).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: B. Riley Commercial Capital, LLC
  - Effective: 2022-12-14
  source text: the Company drew a principal amount of $65,000,000 from the Oaktree Loan and used the net proceeds to repay all amounts owed by the Company pursuant to the Loan and Security Agreement the Company previously entered into with B. Riley Commercial Capital, LLC on December 14, 2022 (the “ B. Riley Loan ”). No remaining amounts are due under the B. Riley Loan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1360214/000149315223009287/0001493152-23-009287-index.htm
- Material Agreements
  HARROW, INC. entered into Oaktree Loan with Oaktree Fund Administration, LLC valued at up to $100,000,000 (effective 2023-03-27).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Oaktree Fund Administration, LLC
  - Value: up to $100,000,000
  - Effective: 2023-03-27
  source text: On March 27, 2023, Harrow Health, Inc. and certain of its affiliates (together, the “ Company ”) entered into a Credit and Guaranty Agreement (the “ Oaktree Loan ”) with Oaktree Fund Administration, LLC, as administrative agent for the lenders (together, “ Oaktree ”), providing for a loan to the Company with a principal amount of up to $100,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1360214/000149315223009287/0001493152-23-009287-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.