ODDITY Tech's (ODD) Oddity Finance unit said Monday that it plans to offer $350 million aggregate principal amount of its exchangeable senior notes due 2030 through a private placement to qualified institutional buyers.
The company said it also plans to grant initial buyers a 13-day option to purchase up to $50 million additional notes.
Oddity Finance said the offering remains subject to market and other conditions, and proceeds will be used for general corporate purposes.
Shares of ODDITY Tech were down 7% in recent Monday trading.
Price: 71.88, Change: -5.47, Percent Change: -7.07
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