Joint Bookrunner on the Upsized Senior Convertible Notes Offering for OSI Systems, Inc.

Oppenheimer & Co. Inc, acted as Joint Bookrunner on OSI Systems’ (“OSI” or the “Company”) $350 million offering of 2.25% convertible senior notes due 2029. The offering was upsized from $316 million and the achieved coupon rate was at the lowest end of the marketing range. OSI used net proceeds from the offering to (i) concurrently repurchase ~$80 million of common stock, (ii) to refinance a portion of the Company’s revolving credit facility and (iii) for general corporate purposes. 

OSI is a vertically integrated designer and manufacturer of specialized electronic systems, optoelectronics and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. The Company was incorporated in 1987 and is headquartered in Hawthorne, California.