STOCK TITAN

ODDITY Tech (ODD) to buy back $50M of 0% exchangeable notes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

ODDITY Tech Ltd. reported that its subsidiary Oddity Finance LLC agreed to repurchase $50 million in aggregate principal amount of its 0% Exchangeable Senior Notes due 2030 through separate, privately negotiated agreements with noteholders. The repurchases are expected to close on June 17, 2026 for a total cash payment of $35 million. After completion, $550 million in aggregate principal amount of these notes will remain outstanding.

Positive

  • None.

Negative

  • None.
Notes repurchased $50 million principal 0% Exchangeable Senior Notes due 2030 to be bought back
Repurchase price $35 million Aggregate purchase price for $50 million principal of notes
Notes remaining outstanding $550 million principal 0% Exchangeable Senior Notes due 2030 after repurchases
Maturity year 2030 Maturity of 0% Exchangeable Senior Notes
0% Exchangeable Senior Notes financial
"holders of $50 million in aggregate principal amount of 0% Exchangeable Senior Notes due 2030"
privately negotiated repurchase agreements financial
"entered into separate, privately negotiated repurchase agreements with holders"
A privately negotiated repurchase agreement is a short-term, collateralized loan arranged directly between two parties in which one party sells securities to the other with a promise to buy them back at a set price and date. Think of it like a private pawn-shop loan using bonds as collateral; it matters to investors because the deal’s safety and cost depend on the counterparty, the quality of collateral and the agreed buyback terms, affecting liquidity and credit exposure.
aggregate principal amount financial
"holders of $50 million in aggregate principal amount of 0% Exchangeable Senior Notes"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
Report of Foreign Private Issuer regulatory
"This Report of Foreign Private Issuer on Form 6-K"
A report of a foreign private issuer is a formal filing that a non‑U.S. company makes to U.S. regulators to share important business, financial, or governance information with American investors. Think of it as a regular update or press packet that keeps investors informed about events that could change a company’s value—like earnings, management changes, contracts, or regulatory developments—so investors can make timely, informed decisions.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

 

For the month of June 2026

Commission File Number: 001-41745

 

ODDITY Tech Ltd.

(Translation of registrant’s name into English)

 

8 HaHarash Street,

Tel Aviv-Jaffa, 6761304, Israel

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x  Form 40-F ¨

 

 

 

 

Explanatory Note

 

On June 11, 2026, Oddity Finance LLC (“Oddity Finance”), a wholly-owned indirect subsidiary of ODDITY Tech Ltd. (the “Company”), entered into separate, privately negotiated repurchase agreements with holders of $50 million in aggregate principal amount of 0% Exchangeable Senior Notes due 2030 of Oddity Finance (“Existing Notes”). The repurchases are expected to close on June 17, 2026 for an aggregate purchase price of $35 million subject to customary closing conditions. Following the closing of the repurchases, $550 million in aggregate principal amount of the Existing Notes will remain outstanding.

 

This Report of Foreign Private Issuer on Form 6-K (“Report”) is incorporated by reference into the Company’s Registration Statements on Form S-8 (File Nos. 333-296510 and 333-274796) filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  ODDITY TECH LTD.
     
  By: /s/ Lindsay Drucker Mann
    Name: Lindsay Drucker Mann
    Title: Global Chief Financial Officer

 

Date: June 12, 2026

 

 

FAQ

What debt is ODDITY Tech (ODD) repurchasing in this Form 6-K?

ODDITY Tech’s subsidiary is repurchasing $50 million in aggregate principal amount of 0% Exchangeable Senior Notes due 2030. These notes were issued by Oddity Finance LLC and are being bought back through privately negotiated agreements with existing noteholders.

How much will ODDITY Tech (ODD) pay to repurchase its notes?

The company expects to pay a total of $35 million to repurchase $50 million in principal amount of its 0% Exchangeable Senior Notes. This reflects a discount to the notes’ face value under privately negotiated repurchase agreements with current holders.

How much of ODDITY Tech’s (ODD) exchangeable notes will remain outstanding?

After the repurchase closes, $550 million in aggregate principal amount of the 0% Exchangeable Senior Notes due 2030 will remain outstanding. This figure represents the remaining debt under this specific exchangeable notes issuance following the $50 million principal buyback.

When is ODDITY Tech (ODD) expected to close the note repurchases?

The repurchases are expected to close on June 17, 2026, subject to customary closing conditions. This is the date when the agreed transactions with noteholders should settle and the $35 million aggregate purchase price is paid.

Which ODDITY Tech (ODD) entity is party to the repurchase agreements?

Oddity Finance LLC, a wholly owned indirect subsidiary of ODDITY Tech Ltd., entered into the separate, privately negotiated repurchase agreements. This financing entity is the issuer of the 0% Exchangeable Senior Notes due 2030 being partially repurchased.