04:26 PM EST, 01/31/2025 (MT Newswires) -- Oddity Tech ( ODD ) said Friday it secured a new $200 million credit facility from a consortium of banks, replacing a previous $100 million facility.

The company said it plans to use the facility to finance growth initiatives, acquisitions, share buybacks, and other general corporate needs.

Shares of Oddity Tech ( ODD ) were up 1.4% in after-hours trading.