secwatch.observer — SEC 8-K summary
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Issuer:     VEECO INSTRUMENTS INC (VECO)
CIK:        0000103145
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001104659-23-061602
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103145/000110465923061602/0001104659-23-061602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103145/000110465923061602/tm2315518d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061602

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