OSI Systems, Inc. has entered into an amendment to its credit facility that increases the amount available to $450 million. The amendment extends the maturity from November 2016 to May 2019 and increases the flexibility of certain restrictive covenants, including provisions related to acquisitions, additional indebtedness, and restricted payments including share repurchases. The amendment also reduces borrowing costs under the credit facility depending upon the Company's leverage compared to the prior facility.

Alan Edrick, Executive Vice President and CFO stated, "We are pleased to complete this larger credit facility that provides the company with a lower cost of capital along with numerous improved terms. The facility underscores the company's financial performance and the strong support from our lender syndicate. Our solid balance sheet coupled with this facility provides us with enhanced liquidity and financial flexibility to support our long-term growth strategy."

Wells Fargo Securities, LLC served as Left Lead Arranger on the credit facility. Merrill Lynch, Pierce, Fenner & Smith Incorporated served as a Joint Lead Arranger.

Wells Fargo Bank, National Association, will serve as the Administrative Agent, Bank of America, N.A., as Syndication Agent and U.S. Bank N.A., JPMorgan Chase Bank, N.A., HSBC Bank USA, N.A., and Union Bank, N.A., as Joint-Documentation Agents with respect to the amended credit facility.

OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries.