ODDITY Tech (NASDAQ: ODD) adds $350M credit facility capacity through 2029

Rhea-AI Filing Summary

ODDITY Tech Ltd. has amended its bank agreements to secure new credit facilities totaling $350 million, effective January 15, 2026. These facilities replace prior $200 million lines and are intended to support growth initiatives, acquisitions, share buybacks, and other general corporate needs. The credit lines will be undrawn at effectiveness and available to draw for three years, through January 14, 2029.

Borrowings will bear interest at an annual rate of SOFR + 2.7% for term loans maturing on January 14, 2031, with a 0.3% commitment fee on unused amounts. The obligations benefit from a negative pledge by the company and guarantees from certain subsidiaries. The agreements include customary covenants, including a financial covenant that the company’s net debt-to-EBITDA ratio must not exceed 4x EBITDA.

Insights

Corporate credit analyst

ODDITY expands debt capacity to $350M with leverage capped at 4x EBITDA.

The company has upsized its committed bank credit from $200 million to $350 million, giving access to additional funding for growth, acquisitions, buybacks, and other corporate uses. The facilities are undrawn at the start and can be drawn over three years, with term loans maturing on January 14, 2031, which provides a long-dated debt option.

Pricing is set at SOFR plus 2.7% on borrowings, with a 0.3% commitment fee on undrawn amounts, typical for investment-oriented revolving or term structures. The facilities are supported by a negative pledge at the parent and guarantees from certain subsidiaries, which helps protect lenders’ position without specifying collateral.

A key safeguard is the financial covenant limiting net debt-to-EBITDA to 4x. This restricts how much the company can ultimately borrow relative to earnings and can act as a discipline mechanism on leverage. Actual impact will depend on how much of the $350 million capacity is eventually drawn and for which purposes.

Form 6-K: How Foreign Companies Report to the SEC →

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 January 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 ¨

Other Events

ODDITY Tech Ltd. (the “Company”) has entered into amendments to its existing agreements with a syndicate of banks to secure credit facilities for a total of $350 million that will become effective on January 15, 2026 (collectively, the “Facility Agreements”). The Facility Agreements amend and replace the Company’s previous $200 million credit facilities and increase its financial flexibility to fund growth initiatives, acquisitions, share buybacks, and other general corporate needs. The amended credit facilities will be undrawn upon effectiveness, and will be available for drawdown over a period of three years, through January 14, 2029.

Borrowings under the Facility Agreements will accrue interest at a percentage rate per annum equal to SOFR + 2.7% for term loans maturing on January 14, 2031. A commitment fee of 0.3% will apply to any unused credit. The obligations of the Company under the Facility Agreements benefit from a negative pledge by the Company and are guaranteed by certain of the Company’s subsidiaries.

The Facility Agreements contain customary affirmative and negative covenants, as well as a financial covenant requiring the net debt-to-EBITDA ratio of the Company to not exceed 4x of EBITDA.

This Report on Form 6-K shall be deemed to be incorporated by reference into the Company’s registration statement on Form S-8 (Registration No. 333-274796) filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is filed, 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: January 12, 2026

FAQ

What new credit facilities did ODDITY Tech (ODD) secure?

ODDITY Tech secured amended credit facilities totaling $350 million, which amend and replace its previous $200 million credit lines.

How long will ODDITY Tech’s $350 million credit facilities be available?

The $350 million credit facilities will be available for drawdown over three years, through January 14, 2029.

What interest rate applies to ODDITY Tech’s new term loans?

Borrowings under the Facility Agreements will accrue interest at an annual rate of SOFR + 2.7% for term loans maturing on January 14, 2031.

Is there a fee on ODDITY Tech’s unused credit facility balance?

Yes. A commitment fee of 0.3% per year will apply to any unused portion of the credit facilities.

What leverage covenant is included in ODDITY Tech’s Facility Agreements?

The agreements include a financial covenant requiring the company’s net debt-to-EBITDA ratio to not exceed 4x EBITDA.

Are ODDITY Tech’s new credit facilities secured or guaranteed?

The obligations benefit from a negative pledge by ODDITY Tech and are guaranteed by certain subsidiaries.

How does ODDITY Tech plan to use the new $350 million credit capacity?

The company states the facilities increase flexibility to fund growth initiatives, acquisitions, share buybacks, and other general corporate needs.