debt
confidence high
sentiment neutral
materiality 0.65
OSI Systems issues $500M 0.50% convertible notes due 2031, initial conversion price ~$353.82
OSI SYSTEMS INC
- $500M aggregate principal of 0.50% convertible senior notes due Feb 1, 2031; initial purchasers have 13-day option for additional $75M.
- Notes convert at 2.8263 shares per $1,000 principal (initial conversion price ~$353.82/share); settlement in cash and/or stock at company's election.
- Interest payable semi-annually at 0.50% from Aug 1, 2026; notes redeemable on/after Feb 6, 2029 if stock price exceeds 130% of conversion price.
- Net proceeds used for general corporate purposes; notes are senior unsecured and rank equally with existing 2.25% convertible notes due 2029.
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