Oddity Tech Subsidiary Repurchases $50M in Notes at $15M Discount
ODD is trading near its 52-week low of $9.25 (14% above the low).
Summary
Oddity Tech's subsidiary, Oddity Finance LLC, is repurchasing $50 million of its 0% Exchangeable Senior Notes due 2030 for $35 million, securing a $15 million discount.
Key Events · Financing and Capital Events · ODD
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Debt Repurchase Agreement
Oddity Finance LLC, a wholly-owned indirect subsidiary, entered into agreements to repurchase $50 million in aggregate principal amount of its 0% Exchangeable Senior Notes due 2030.
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Significant Discount Achieved
The notes are being repurchased for an aggregate purchase price of $35 million, resulting in a $15 million discount to their principal amount.
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Expected Closing Date
The repurchase transactions are expected to close on June 17, 2026.
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Remaining Notes Outstanding
Following the closing of these repurchases, $550 million in aggregate principal amount of the Existing Notes will remain outstanding.
Analysis · ODD · Industrial Applications And Services
This debt repurchase at a significant discount is a positive financial move for Oddity Tech. By reducing $50 million in principal debt for a cash outlay of $35 million, the company improves its balance sheet, reduces future liabilities, and effectively realizes a $15 million gain. This action enhances financial flexibility and signals prudent capital management.
At the time of this filing, ODD was trading at $10.59 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $621M. The 52-week trading range was $9.25 to $77.83. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.