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.
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