OSI Systems announces $400M convertible senior notes offering due 2031

OSI SYSTEMS INC

$400M principal amount of convertible senior notes due 2031; initial purchasers can buy up to additional $60M.
Interest payable semi-annually; maturity Feb 1, 2031; redeemable after Feb 6, 2029 if stock price exceeds 130% of conversion price.
Concurrently expects to use up to ~$175M of net proceeds to repurchase shares of common stock in privately negotiated transactions.
Remainder of net proceeds to repay revolving credit facility and for general corporate purposes.
Notes offered to qualified institutional buyers under Rule 144A; not registered under Securities Act.

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