OSI Systems $89.5 million credit facility pricing ranges from Libor plus 200 to 250 bps

By Sara Rosenberg

New York, July 31 - OSI Systems Inc.'s two-tranche $89.5 million credit facility carries an interest rate that can range from Libor plus 200 to 250 basis points, depending on leverage, according to an 8-K recently filed with the Securities and Exchange Commission.

The facility consists of a $44.75 million term loan and a $44.75 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.

Wachovia acted as the lead bank on the deal.

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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