Oddity Tech Secures $200M Credit Facility
Ticker: ODD · Form: 6-K · Filed: Jan 31, 2025 · CIK: 1907085
| Field | Detail |
|---|---|
| Company | Oddity Tech LTD (ODD) |
| Form Type | 6-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $200 million, $100 million, $165 million, $130,000,000 |
| Sentiment | bullish |
Sentiment: bullish
Topics: financing, credit-facility, growth-funding
TL;DR
Oddity Tech just inked a $200M credit line, doubling their previous facility to fuel growth and buybacks.
AI Summary
On January 30, 2025, Oddity Tech Ltd. secured new credit facilities totaling $200 million from a syndicate of banks. This new facility replaces their previous $100 million credit line and is intended to provide greater financial flexibility for growth initiatives, acquisitions, share buybacks, and general corporate purposes. The company stated it remains in a strong financial position with over $165 million in cash.
Why It Matters
This expanded credit facility provides Oddity Tech with increased financial resources to pursue strategic growth opportunities, potentially leading to future expansion and shareholder value.
Risk Assessment
Risk Level: low — The filing reports on securing additional credit, which is generally a positive financial move and does not indicate immediate operational or financial distress.
Key Numbers
- $200M — New Credit Facility (Doubles previous $100M facility to fund growth, acquisitions, and buybacks.)
- $165M+ — Cash on Hand (Indicates strong current financial position alongside new credit.)
Key Players & Entities
- Oddity Tech Ltd. (company) — Registrant
- $200 million (dollar_amount) — Total credit facility amount
- $100 million (dollar_amount) — Previous credit facility amount
- January 30, 2025 (date) — Date of credit facility agreements
- $165 million (dollar_amount) — Company's cash on hand
FAQ
What is the total amount of the new credit facilities secured by Oddity Tech Ltd.?
Oddity Tech Ltd. secured new credit facilities for a total of $200 million.
When were the agreements for the new credit facilities entered into?
The agreements were entered into on January 30, 2025.
What does the new credit facility replace?
The new credit facility replaces the Company's previous $100 million credit facility.
What are the intended uses for the new credit facility?
The credit facility is intended to fund growth initiatives, acquisitions, share buybacks, and other general corporate needs.
What is Oddity Tech's reported cash position?
Oddity Tech reported having over $165 million of cash.
Filing Stats: 462 words · 2 min read · ~2 pages · Grade level 13.7 · Accepted 2025-01-31 16:24:14
Key Financial Figures
- $200 million — secure credit facilities for a total of $200 million (collectively, the “Facility Agre
- $100 million — se replace the Company’s previous $100 million credit facility and increase its financ
- $165 million — n a strong financial position with over $165 million of cash, cash equivalents, and investme
- $130,000,000 — to SOFR + 3.1% for borrowings of up to $130,000,000; SOFR + 2.6% for fixed revolving loans
Filing Documents
- tm254978d1_6k.htm (6-K) — 12KB
- 0001104659-25-008121.txt ( ) — 13KB
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, thereunto duly authorized. ODDITY TECH LTD. By: /s/ Lindsay Drucker Mann Name: Lindsay Drucker Mann Title: Global Chief Financial Officer Date: January 31, 2025