secwatch.observer — SEC 8-K summary
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Issuer:     HARROW, INC. (HROW)
CIK:        0001360214
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001493152-23-009287
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1360214/000149315223009287/0001493152-23-009287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1360214/000149315223009287/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-009287

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