Oddity Tech Secures $350 Million Credit Facility to Boost Growth and Flexibility

Reuters
01/13
Oddity Tech Secures $350 Million Credit Facility to Boost Growth and Flexibility

Oddity Tech Ltd. has secured amendments to its existing credit agreements with a syndicate of banks, increasing its available credit facilities from $200 million to $350 million. The new agreements, effective January 15, 2026, will provide the company with undrawn credit lines available for drawdown over three years, through January 14, 2029. Borrowings will accrue interest at SOFR plus 2.7% for term loans maturing in 2031, and a 0.3% commitment fee will apply to unused amounts. The facilities are intended to enhance Oddity Tech’s financial flexibility for growth initiatives, acquisitions, share buybacks, and general corporate purposes, and are subject to customary covenants, including a net debt-to-EBITDA ratio not exceeding 4x. The agreements are guaranteed by certain company subsidiaries and benefit from a negative pledge.

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: 0001104659-26-002927), on January 12, 2026, and is solely responsible for the information contained therein.

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