The Notes will be senior unsecured obligations of the Company and will
be convertible into, subject to various conditions, cash or shares of
the Company's common stock or a combination of cash and shares of the
Company's common stock, in each case, at the Company's election. The
Company expects to use the net proceeds from the sale of the Notes to
repay borrowings under its credit facility, to repurchase shares of the
Company's common stock from purchasers of the Notes as described below,
and for general corporate purposes. The Company will have the option to
redeem all or any portion of the Notes on or after
The Company expects to use up to
The exact timing and terms of the offering will depend on market
conditions and other factors. Neither the Notes nor any shares of the
Company's common stock issuable upon conversion of the Notes have been
or are expected to be registered under the Securities Act or the
securities laws of any other jurisdiction and may not be offered or sold
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
About OSI Systems, Inc.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems' current expectations, beliefs, projections and similar expressions concerning matters that are not historical facts and are not guarantees of future performance. Forward-looking statements involve uncertainties, risks, assumptions and contingencies, many of which are outside OSI Systems' control that may cause actual results to differ materially from those described in or implied by any forward-looking statements. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. OSI Systems assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause OSI Systems' future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in OSI Systems' Annual Report on Form 10-K for the year ended June 30, 2016 and other risks described in documents filed by OSI Systems from time to time with the Securities and Exchange Commission.
Vice President, Business Development
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