secwatch.observer — SEC 8-K summary
======================================

Issuer:     VEECO INSTRUMENTS INC (VECO)
CIK:        0000103145
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0001104659-21-151696
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103145/000110465921151696/0001104659-21-151696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103145/000110465921151696/tm2135782d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-151696

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer