OSI Systems gets $90 million credit facility

By Sara Rosenberg

New York, July 30 - OSI Systems Inc. closed on a new about $90 million credit facility, according to a news release.

Wachovia acted as the lead bank on the deal.

The facility consists of an about $45 million term loan and an about $45 million revolver.

There is an accordion feature that allows for the overall facility to be increased to $100 million.

Proceeds were used to refinance existing debt.

OSI Systems is a Hawthorne, Calif., provider of specialized electronic products for critical applications in the security and health care industries.

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