debt
confidence high
sentiment neutral
materiality 0.65
OSI Systems issues $400M of 2.25% convertible notes due 2029
OSI SYSTEMS INC
- Issued $350M plus $50M from underwriters' option for total $400M principal.
- 2.25% interest, semi-annual payments, matures August 1, 2029.
- Initial conversion rate 5.2090 shares/$1,000; conversion price ~$191.98 per share.
- Senior unsecured; redeemable at company's option after Aug 6, 2027 under conditions.
- Max ~2.32M shares issuable upon conversion initially.