OSI Systems prices upsized $500M convertible notes offering, repurchases shares

OSI SYSTEMS INC

Priced $500M of 0.50% convertible senior notes due 2031, up from originally planned $400M.
Initial conversion price ~$353.82, representing 32.5% premium over $267.03 closing price on Nov 17.
Net proceeds estimated at $489.4M; expects to use ~$146.1M to repurchase 546,945 shares concurrently.
Remainder to repay revolving credit facility and for general corporate purposes.
Notes mature Feb 1, 2031; interest payable semi-annually at 0.50%.

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