Oddity Tech Ltd. Files Prospectus for $600 Million Exchangeable Notes Offering Due 2030

Reuters
06-14
Oddity Tech Ltd. Files Prospectus for $600 Million Exchangeable Notes Offering Due 2030

Oddity Tech Ltd. has filed a prospectus for a private offering of $600 million in 0% Exchangeable Senior Notes due in 2030. The offering was completed by its subsidiary, Oddity Finance LLC, and includes a full exercise of the initial purchasers' option to buy an additional $75 million in notes. The notes are fully guaranteed by ODDITY Tech and its subsidiary IM Pro Makeup NY L.P. An indenture agreement was signed on June 12, 2025, involving ODDITY Tech, IM Pro, and U.S. Bank Trust Company. The notes will be exchangeable at a rate tied to ODDITY Tech's Class A ordinary shares, with a premium over the recent NASDAQ share price. Additionally, capped call transactions were entered to mitigate potential dilution of shares upon exchange of the notes, set at a cap premium of 100% over the last sale price on June 9, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oddity Tech Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-059471), on June 13, 2025, and is solely responsible for the information contained therein.

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