OSI Systems, Inc. $(OSIS)$ announced its intention to offer $400 million aggregate principal amount of convertible senior notes due 2031 in a private offering to qualified institutional buyers under Rule 144A. The company may also grant initial purchasers an option to buy up to an additional $60 million principal amount of notes within 13 days of issuance. The interest rate, initial conversion rate, and other terms of the notes will be determined at the time of pricing. The notes will be senior, unsecured obligations, payable semi-annually in arrears, and will mature on February 1, 2031, unless earlier redeemed, repurchased, or converted. OSI intends to use up to approximately $175 million of the proceeds to repurchase shares of its common stock, with the remainder allocated to repaying a portion of its revolving credit facility, fees, expenses, and general corporate purposes. The notes may be redeemed for cash at OSI's option on or after February 6, 2029, if certain conditions are met. No URL for the prospectus is included in the document.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OSI Systems Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251116577684) on November 17, 2025, and is solely responsible for the information contained therein.
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