ODDITY Announces New $200 Million Credit Facility
ODDITY Tech (NASDAQ: ODD) has secured new credit facilities totaling $200 million with a syndicate of banks, doubling its previous $100 million facility. The company maintains a strong financial position with over $165 million in cash, cash equivalents, and investments as of December 31, 2024, with zero funds drawn from the new facility.
The enhanced credit facility will provide increased financial flexibility for various corporate initiatives, including growth initiatives, acquisitions, share buybacks, and general corporate needs. ODDITY operates as a consumer tech company that develops digital-first brands in the beauty and wellness industries, serving approximately 50 million users through its AI-driven online platform. The company owns IL MAKIAGE and SpoiledChild brands, with operations spanning New York City, Tel Aviv, and Boston.
ODDITY Tech (NASDAQ: ODD) ha ottenuto nuove linee di credito per un totale di 200 milioni di dollari da un sindacato di banche, raddoppiando così la sua precedente linea di credito di 100 milioni di dollari. L'azienda mantiene una solida posizione finanziaria con oltre 165 milioni di dollari in contante, equivalenti di cassa e investimenti al 31 dicembre 2024, senza alcun fondo prelevato dalla nuova linea di credito.
La nuova linea di credito offrirà una maggiore flessibilità finanziaria per diverse iniziative aziendali, comprese iniziative di crescita, acquisizioni, riacquisto di azioni e necessità aziendali generali. ODDITY opera come azienda tecnologica per consumatori che sviluppa marchi digital-first nei settori della bellezza e del benessere, servendo circa 50 milioni di utenti attraverso la sua piattaforma online alimentata dall'IA. L'azienda possiede i marchi IL MAKIAGE e SpoiledChild, con operazioni che si estendono a New York City, Tel Aviv e Boston.
ODDITY Tech (NASDAQ: ODD) ha conseguido nuevas facilidades de crédito por un total de 200 millones de dólares con un sindicato de bancos, duplicando su anterior facilidad de 100 millones de dólares. La compañía mantiene una sólida posición financiera con más de 165 millones de dólares en efectivo, equivalentes de efectivo e inversiones a partir del 31 de diciembre de 2024, sin haber retirado fondos de la nueva facilidad.
La facilidad de crédito mejorada proporcionará una mayor flexibilidad financiera para varias iniciativas corporativas, incluidas iniciativas de crecimiento, adquisiciones, recompra de acciones y necesidades corporativas generales. ODDITY opera como una empresa de tecnología para consumidores que desarrolla marcas digitales en las industrias de la belleza y el bienestar, atendiendo a aproximadamente 50 millones de usuarios a través de su plataforma en línea impulsada por IA. La compañía posee las marcas IL MAKIAGE y SpoiledChild, con operaciones que se extienden a la ciudad de Nueva York, Tel Aviv y Boston.
ODDITY Tech (NASDAQ: ODD)는 은행의 컨소시엄과 함께 총 2억 달러 규모의 새로운 대출 시설을 확보하여 이전의 1억 달러 시설을 두 배로 늘렸습니다. 2024년 12월 31일 현재, 이 회사는 1억6500만 달러 이상의 현금, 현금 등가물 및 투자를 보유하여 강력한 재정적 입장을 유지하고 있으며, 새로운 시설에서 인출된 자금은 없습니다.
향상된 신용 시설은 성장 이니셔티브, 인수, 자사주 매입 및 일반 기업 수요를 포함한 다양한 기업 이니셔티브를 위해 증가된 재정적 유연성을 제공합니다. ODDITY는 소비자 기술 회사로서 뷰티 및 웰니스 산업에서 디지털 우선 브랜드를 개발하며, AI 기반의 온라인 플랫폼을 통해 약 5천만 사용자를 지원합니다. 이 회사는 IL MAKIAGE 및 SpoiledChild 브랜드를 소유하고 있으며, 뉴욕, 텔아비브, 보스턴에 운영을 두고 있습니다.
ODDITY Tech (NASDAQ: ODD) a obtenu de nouvelles lignes de crédit totalisant 200 millions de dollars avec un syndicat de banques, doublant ainsi sa précédente ligne de crédit de 100 millions de dollars. La société maintient une solide position financière avec plus de 165 millions de dollars en liquidités, équivalents de liquidités et investissements au 31 décembre 2024, sans avoir tiré de fonds de la nouvelle ligne de crédit.
La ligne de crédit améliorée offrira une flexibilité financière accrue pour diverses initiatives d'entreprise, y compris des initiatives de croissance, des acquisitions, des rachats d'actions et des besoins généraux d'entreprise. ODDITY opère en tant qu'entreprise technologique pour consommateurs développant des marques numériques dans les secteurs de la beauté et du bien-être, servant environ 50 millions d'utilisateurs via sa plateforme en ligne alimentée par l'IA. L'entreprise possède les marques IL MAKIAGE et SpoiledChild, avec des opérations s'étendant à New York, Tel Aviv et Boston.
ODDITY Tech (NASDAQ: ODD) hat neue Kreditlinien in Höhe von 200 Millionen Dollar mit einem Bankenkonsortium gesichert, wodurch die vorherige Kreditlinie von 100 Millionen Dollar verdoppelt wurde. Das Unternehmen hat zum 31. Dezember 2024 eine starke finanzielle Position mit über 165 Millionen Dollar in Bargeld, Bargeldäquivalenten und Investitionen und hat keine Mittel aus der neuen Kreditlinie abgerufen.
Die verbesserte Kreditlinie wird eine höhere finanzielle Flexibilität für verschiedene Unternehmensinitiativen bieten, einschließlich Wachstumsinitiativen, Akquisitionen, Aktienrückkäufen und allgemeinen Unternehmensbedürfnissen. ODDITY agiert als Verbrauchertechnologieunternehmen und entwickelt digitale Marken in den Bereichen Schönheit und Wellness und bedient über 50 Millionen Nutzer über seine KI-gesteuerte Online-Plattform. Das Unternehmen besitzt die Marken IL MAKIAGE und SpoiledChild und ist in New York City, Tel Aviv und Boston tätig.
- Doubled credit facility from $100M to $200M, enhancing financial flexibility
- Strong cash position of $165M with zero debt drawn
- Large user base of 50 million customers
- None.
Insights
The doubling of ODDITY's credit facility to
This enhanced financial flexibility arrives at an opportune time in the beauty-tech sector, where valuations have moderated from peak levels, potentially creating attractive M&A opportunities. The timing suggests ODDITY may be preparing for strategic acquisitions to complement its AI-driven platform and expand its 50 million user base.
The undrawn facility provides a cost-effective safety net while maintaining balance sheet efficiency. This structure allows ODDITY to remain nimble in pursuing growth initiatives while keeping interest expenses minimal. The company's ability to secure increased credit capacity in the current higher interest rate environment speaks volumes about its creditworthiness and banking relationships.
Beyond M&A, the facility's flexibility for share buybacks indicates management's confidence in the company's valuation and commitment to shareholder returns. The combination of strong organic growth potential, M&A optionality and shareholder-friendly capital allocation provides multiple vectors for value creation.
NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- On January 31, 2025, ODDITY Tech Ltd. (NASDAQ: ODD, the “Company”) entered into agreements with a syndicate of banks to secure credit facilities for a total of
ODDITY remains in a strong financial position, with over
About ODDITY:
ODDITY is a consumer tech company that builds and scales digital-first brands to disrupt the offline-dominated beauty and wellness industries. The company serves approximately 50 million users with its AI-driven online platform, deploying data science to identify consumer needs, and developing solutions in the form of beauty and wellness products. ODDITY owns IL MAKIAGE and SpoiledChild. The company operates with business headquarters in New York City, an R&D center in Tel Aviv, Israel, and a biotechnology lab in Boston.
Contacts:
Press:
Michael Braun
michaelb@oddity.com
Investor:
investors@oddity.com
1 Figure includes cash and cash equivalents, restricted cash, short-term deposits, and marketable securities; it is based on unaudited management accounts.
FAQ
What is the size of ODDITY's (ODD) new credit facility announced on January 31, 2025?
How much cash and equivalents does ODDITY (ODD) have as of December 2024?
What will ODDITY (ODD) use the new $200M credit facility for?
How many users does ODDITY's (ODD) AI-driven platform serve?
