OSI Systems $500 million convertible senior notes offering
We advised the representatives of the initial purchases on the offering
Davis Polk advised the representatives of the several initial purchasers in connection with a Rule 144A offering by OSI Systems, Inc. of $500 million aggregate principal amount of its 0.50% convertible senior notes due 2031.
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 Sierra M. Acosta and Monica Rodriguez. The equity derivatives team included partner Mark J. DiFiore and associate Ji Hwan Kim. Partner Aliza Slansky and associate Georgianna Eck provided tax advice. Partner Pritesh P. Shah and associate Gabrielle Mazero provided intellectual property advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.