Company: OSIS
Filing Date: 2025-11-20
Form Type: 8-K
Source: 0001104659-25-114644
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Company: OSI SYSTEMS INC
Filing Date: 2025-11-20
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry Into or Amendment of a Material Definitive Agreement.  

On November 20, 2025, OSI Systems, Inc. (the “ Company”)
issued $500,000,000 aggregate principal amount of its 0.50% Convertible Senior Notes due 2031 (the “ Notes”). The Notes were
issued pursuant to, and are governed by, an indenture (the “ Indenture”), dated as of November 20, 2025, between the Company
and U. S. Bank Trust Company, National Association, as trustee (the “ Trustee”). Pursuant to the purchase agreement between
the Company and the representatives of the initial purchasers of the Notes, the Company granted the initial purchasers an option to purchase,
for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $75,000,000 aggregate
principal amount of Notes.

The Notes will be the Company’s senior, unsecured obligations
and will be (i) equal in right of payment with the Company’s existing and future senior, unsecured indebtedness, including
its outstanding 2.25% Convertible Senior Notes due 2029; (ii) senior in right of payment to the Company’s existing and future
indebtedness that is expressly subordinated to the Notes; (iii) effectively subordinated to the Company’s existing and future
secured indebtedness, to the extent of the value of the collateral securing that indebtedness; and (iv) structurally subordinated
to all existing and future indebtedness and other liabilities, including trade payables, and (to the extent the Company is not a holder
thereof) preferred equity, if any, of the Company’s subsidiaries.

The Notes will accrue interest at a rate of 0.50% per annum, payable
semi-annually in arrears on February 1 and August 1 of each year, beginning on August 1, 2026. The Notes will mature on
February 1, 2031, unless earlier repurchased, redeemed or converted. Before November 1, 2030, noteholders will have the right
to convert their Notes only upon the occurrence of certain events. From and after November 1, 2030, noteholders may convert their
Notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date.
The