Veeco repurchases $111.5M of 2.70% convertible notes due 2023, retiring over 80% of maturity

VEECO INSTRUMENTS INC

Cash consideration of ~$115.6M plus ~$1.0M accrued interest for $111.5M principal repurchase from Lynrock Lake Master Fund LP.
Closing expected Nov 10, 2021; after close only ~$20.2M principal of the notes remain outstanding.
CEO Bill Miller states transaction de-levers balance sheet, reduces potential dilution, and supports growth strategy.
Repurchase is privately negotiated; no solicitation of other holders.

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