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ODDITY Secures $200 Million Credit Facility with Syndicate of Banks

Jan 31, 2025•over 1 year ago

Contract Type

agreement

New YorkInformation Technology

Description

On January 31, 2025, ODDITY Tech Ltd. entered into agreements with a syndicate of banks to secure credit facilities for a total of $200 million. The Facility replaces the Company’s previous $100 million credit facility and increases financial flexibility to fund growth initiatives, acquisitions, share buybacks, and other general corporate needs. ODDITY remains in a strong financial position, with over $165 million of cash, cash equivalents, and investments on its balance sheet as of December 31, 2024.

Company Information

Company

Oddity Tech

Location

110 Greene St

New York, New York, United States

About

ODDITY is a consumer-tech platform built to transform the global beauty and wellness market. We deploy advanced technology, including data science, machine learning models, and computer vision, to develop exceptional products and deliver consumers a superior experience. Our first two brands, IL MAKIAGE and SpoiledChild, have brought millions of consumers online to shop for beauty products for the first time. Our New Ventures brand incubator leverages ODDITY's data and technology platform to develop new brands, solve consumer pain points, and disrupt additional categories in the global beauty and wellness market.

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