OSI Systems amends loan, upsizing revolver and term loan

By Sara Rosenberg

New York, June 18 - OSI Systems Inc. amended its credit facility, increasing the revolver to $74.5 million from $44.75 million and increasing the term loan to $50 million from $44.75 million, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Pricing on the bank debt was left unchanged at Libor plus 200 basis points to 250 bps depending on leverage.

The amendment was completed on June 17.

Wachovia Bank is the administrative agent on the deal.

OSI is a Hawthorne, Calif.-based designer, developer, manufacturer and seller of specialized electronic systems and components for applications in homeland security, health care, and defense and aerospace markets.

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