The 2.25% convertible senior notes are due 2029

Davis Polk advised the representatives of the several initial purchasers, in connection with a Rule 144A offering by OSI Systems, Inc. of $350 million aggregate principal amount of its 2.25% convertible senior notes due 2029, which included $50 million principal amount of convertible senior notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.

Based in California, OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. It sells its products and provides related services in diversified markets, including homeland security, health care, defense and aerospace.

The Davis Polk capital markets team included partner Hillary A. Coleman and associates Rachel Jang and Walker Halstad. The equity derivatives team included partner Mark J. DiFiore and associates Amy Cheng and Itay Kazaz. Partner Aliza Slansky and associates Michelle Zhao and Georgianna Eck provided tax advice. Partner Pritesh P. Shah provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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