secwatch.observer — SEC 8-K summary
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Issuer:     OSI SYSTEMS INC (OSIS)
CIK:        0001039065
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001104659-24-080298
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OSI Systems prices upsized $300M convertible notes offering at 2.25% due 2029
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- Offering upsized from $275M to $300M; initial conversion price $191.98/share, a 27.5% premium to $150.57 close.
- Net proceeds ~$291.8M; ~$80M used to repurchase 531,314 shares concurrently; remainder to repay credit facility.
- Notes mature Aug 1, 2029; interest 2.25% paid semi-annually; settlement expected July 19, 2024.
- Initial purchasers granted option for up to $50M additional notes; total potential $350M.
- Convertible into OSI common stock; cash and/or shares settlement; redemption possible after Aug 6, 2027 if conditions met.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039065/000110465924080298/0001104659-24-080298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039065/000110465924080298/tm2419647d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-080298

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