Convertibles Calendar: OSI to bring first convertible deal

On The Horizon

OSI SYSTEMS INC.:

• $225 million of convertible senior notes due 2022

• $33.75 million greenshoe

• 1.125% to 1.625% yield talk, up 35% to 40%

• BofA Merrill Lynch, Wells Fargo Securities LLC, J.P. Morgan Securities LLC and Jefferies (joint bookrunners)

• Rule 144A offering

• Proceeds will be used to repay borrowings under a credit facility, to repurchase up to $50 million shares of common stock from buyers of the new convertibles and for general corporate purposes.

• Hawthorne, Calif.-based vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, health care, defense and aerospace industries

• Nasdaq: OSIS

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