Oddity Finance LLC Announces Upsize and Pricing of $525 Million Offering of 0% Exchangeable Senior Notes Due 2030

NEW YORK , June 10, 2025 (GLOBE NEWSWIRE) -- Oddity Finance LLC (the “Issuer”), a wholly-owned indirect subsidiary of ODDITY Tech Ltd. (“ODDITY”) (NASDAQ: ODD), today announced the pricing of $525 million aggregate principal amount of its 0% exchangeable senior notes due 2030 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), in each case, who are “Qualified Purchasers” as defined in Section (2)(a)(51)(A) under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). The Issuer also granted the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the first date on which the Notes are issued, up to an additional $75 million aggregate principal amount of Notes. The aggregate principal amount of the Offering was increased from the previously announced offering size of $350 million (or $400 million if the initial purchasers exercise their option to purchase additional Notes in full). The Offering is expected to close on June 12, 2025, subject to customary closing conditions, and is expected to result in $510.6 million in net proceeds to the Issuer after deducting the initial purchasers’ discount but before deducting estimated offering expenses payable by the Issuer (assuming no exercise of the initial purchasers’ option to purchase additional Notes).

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