OSI Systems falls after convertible bond sale increased to $500 mln

OSI Systems

18/11/2025 16:45

** Electronic equipment maker OSI Systems' OSIS.O shares down 4.1% at $256.06 amid broader market selloff on Tues after above-target capital raise

    ** Hawthorne, California-based co late Mon announced pricing p
    rivate offering of $500 mln 0.5% convertible bonds due Feb 2031

    ** Initial conversion price of $353.82 is 32.5% above stock's last close of $267.03

    ** OSIS shares on Mon closed down 2.4% after co unveiled $400 mln offering to repay a portion of its revolver, among other purposes

** Co to use ~$146 mln of net proceeds to repurchase 546,945 of its shares in negotiated transactions

** Including move on Tues, shares up 53% YTD, far outpacing 16% advance in the Nasdaq .IXIC.

    ** 5 of 6 analysts rate the shares "strong buy" or "buy", 1 has "hold"; median PT of $290 up from $260 a month ago, per latest LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))