Veeco prices $205M 2.875% convertible notes due 2029; enters Note Exchanges

VEECO INSTRUMENTS INC

$205M aggregate principal, 2.875% interest, semiannual payments; matures June 1, 2029.
Initial purchasers have 30-day option to buy additional $25M of notes.
Note Exchanges: $106M of 2025 Notes for ~$106M cash + 0.7M shares; $100M of 2027 Notes for ~$92.8M cash + 3.8M shares.
Net proceeds ~$198.9M (or ~$223.3M if option exercised) used for Note Exchange cash portion and general corporate.
Initial conversion rate: 34.2185 shares per $1,000; conversion price ~$29.22 per share.

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