OSI Systems ticks up after unveiling planned $400 mln convertible bond offering

OSI Systems

17/11/2025 12:48

** Shares of OSI Systems OSIS.O up 0.6% at $275.24 before the bell as electronic equipment maker seeks capital raise

** Hawthorne, California-based firm announces private offering of $400 mln convertible bonds due Feb 2031

** Upon pricing of offering, co expects to use up to ~$175 mln of net proceeds to repurchase its shares in negotiated transactions

** It intends to use remaining proceeds to repay a portion of its revolver, related fees and expenses, and for other general corporate purposes

** Co has about $4.6 bln market cap

** OSIS shares finished up 0.3% on Fri at $273.55

** YTD, shares up 63% through Fri vs nearly 19% advance in the Nasdaq .IXIC.

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

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

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