Oddity Tech to repurchase $50M of 0% notes due 2030 for $35M
Oddity Finance LLC, a subsidiary of ODDITY Tech Ltd., entered into agreements on June 11, 2026, to repurchase $50 million of its 0% Exchangeable Senior Notes due 2030 for $35 million. The deal is expected to close on June 17, 2026, leaving $550 million in principal outstanding.
*this image is generated using AI for illustrative purposes only.
Oddity Finance LLC, a wholly-owned indirect subsidiary of ODDITY Tech Ltd., has agreed to repurchase $50 million in aggregate principal amount of its 0% Exchangeable Senior Notes due 2030. The repurchase agreements were privately negotiated with holders of the notes on June 11, 2026, and are expected to close on June 17, 2026, subject to customary closing conditions. The total cost for the repurchase is set at $35 million.
Following the closing of these repurchases, the outstanding principal amount of the notes will be reduced. Specifically, $550 million in aggregate principal amount of the Existing Notes will remain outstanding after the transaction is completed.
Transaction Details
The repurchase involves the 0% Exchangeable Senior Notes due 2030 issued by Oddity Finance. The agreements were executed to reduce the outstanding debt burden at a purchase price lower than the aggregate principal amount.
| Metric | Details |
|---|---|
| Aggregate principal repurchased | $50 million |
| Aggregate purchase price | $35 million |
| Expected closing date | June 17, 2026 |
| Remaining outstanding principal | $550 million |
The repurchase agreements are part of the company's capital management strategy. The transaction will result in a decrease in the total liabilities associated with the notes due in 2030.
Will Oddity Tech utilize its remaining cash reserves to pursue further debt repurchases or invest in R&D?
How will the reduction in outstanding principal impact the company's leverage ratios and credit ratings?
Does this repurchase signal a shift in Oddity's capital management strategy ahead of the notes' 2030 maturity?
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