OSI Systems, Inc. Announces Amendment to Credit Agreement Increasing Revolving Loan Facility to $725 Million and Extending Term Until July 2030

Published: 2025-07-02 16:50:57 ET OSIS

Published on 07/02/2025 at 16:50

On July 1, 2025, OSI Systems, Inc. entered into the Ninth Amendment to Credit Agreement (the ?Amendment?) amending the Credit Agreement dated as of October 15, 2010 by and among company, as borrower, the domestic subsidiaries party thereto, as guarantors, and Wells Fargo Bank, N.A., as administrative agent for several lending banks and other financial institutions (as amended, supplemented or otherwise modified, the ?Credit Agreement?). Wells Fargo Securities, LLC (?WFS?), BofA Securities, Inc. (formerly known as Merrill Lynch, Pierce, Fenner & Smith Incorporated) (?BAS?), JPMorgan Chase Bank, N.A., and PNC Capital Markets LLC acted as joint lead arrangers and joint bookrunners for the Amendment. The Amendment (a) increases the aggregate committed amount available to the company under revolving loan facility from $600 million to $725 million, (b) includes a term loan of $100 million, and (c) extends the term of the credit facility until July 2030.

In addition, certain other covenants and provisions under the Credit Agreement were removed and others were amended to provide with greater financial and operational flexibility.