OSI gets $250 million revolver led by Wells Fargo, Bank of America

By Sara Rosenberg

New York, Oct. 18 - OSI Systems Inc. closed on a new $250 million five-year revolving credit facility, according to a news release.

Wells Fargo and Bank of America acted as the joint lead arrangers on the deal.

Proceeds were used to replace the company's $100 million credit facility, which had consisted of a revolver and an amortizing term loan, and was paid off using the existing cash balances.

OSI Systems is a Hawthorne, Calif.-based designer and manufacturer of electronic systems and components for applications in the homeland security, health care, defense and aerospace industries.

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