ODDITY Announces New $200 Million Credit Facility

Core Insights - ODDITY Tech Ltd. has secured a new credit facility totaling $200 million, replacing its previous$100 million facility, aimed at enhancing financial flexibility for growth initiatives, acquisitions, share buybacks, and general corporate needs [1] - As of December 31, 2024, ODDITY holds over $165 million in cash, cash equivalents, and investments, with no funds drawn from the new credit facility [2] Company Overview - ODDITY is a consumer tech company focused on building and scaling digital-first brands to disrupt the traditional beauty and wellness industries, serving approximately 50 million users through its AI-driven online platform [2] - The company utilizes data science to identify consumer needs and develop beauty and wellness products, owning brands such as IL MAKIAGE and SpoiledChild [2] - ODDITY operates its business headquarters in New York City, with an R&D center in Tel Aviv, Israel, and a biotechnology lab in Boston [2]