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ODDITY Tech Ltd. Class A ( (ODD) ) has provided an announcement.
On January 30, 2025, ODDITY Tech Ltd. announced new agreements with a syndicate of banks to secure $200 million in credit facilities, replacing a previous $100 million facility. This move is aimed at enhancing the company’s financial flexibility for growth initiatives, acquisitions, and other corporate needs. As of December 31, 2024, the company maintained a strong financial position with over $165 million in cash and investments, and no funds drawn from the new facilities. The agreements, governed by Israeli law, include various covenants ensuring financial stability, such as maintaining a shareholder equity ratio above 20% and a net debt-to-EBITDA ratio not exceeding 3x.
More about ODDITY Tech Ltd. Class A
ODDITY Tech Ltd. operates in the technology industry, focusing on providing innovative solutions and products. The company is headquartered in Tel Aviv-Jaffa, Israel, and is known for its commitment to financial growth and strategic initiatives.
YTD Price Performance: 11.22%
Average Trading Volume: 443,011
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.67B
Learn more about ODD stock on TipRanks’ Stock Analysis page.
