On January 31, 2025, ODDITY Tech Ltd. announced it has entered into agreements with a syndicate of banks to establish new credit facilities totaling $200 million. This new facility replaces the company's previous $100 million credit facility, effectively doubling its available credit.
The increased financial flexibility provided by this facility is intended to support ODDITY's growth initiatives, potential acquisitions, ongoing share buyback programs, and other general corporate needs. This move underscores the company's proactive approach to managing its capital structure.
ODDITY maintains a strong financial position, reporting over $165 million in cash, cash equivalents, and investments on its balance sheet as of December 31, 2024. Importantly, the company has zero funds drawn on the new $200 million facility, indicating ample liquidity and a conservative financial strategy.
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