Veeco enters $150M senior secured revolving credit facility with HSBC-led syndicate

VEECO INSTRUMENTS INC

$150M senior secured revolving credit facility; $15M sublimit for letters of credit.
Facility matures December 16, 2026; can be increased up to $225M with lender consent.
Interest: Base + 0.50%-1.25% or SOFR + 1.50%-2.25%, based on Secured Net Leverage Ratio.
Financial covenants: Interest Coverage >=3.00x, Total Net Leverage <=4.50x, Secured Net Leverage <=2.50x.
Proceeds for working capital, fees, general corporate purposes; secured by substantially all assets.

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