---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-063141"
form_type: "8-K"
ticker: "VECO"
cik: "0000103145"
company_name: "VEECO INSTRUMENTS INC"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T17:52:41.977739+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Veeco closes $230M 2.875% convertible notes due 2029; exchanges existing notes

## Summary
- Priced $205M notes plus $25M greenshoe fully exercised; net proceeds of ~$223.3M.
- Used ~$198.8M to exchange $106M of 2025 notes (cash + 0.7M shares) and $100M of 2027 notes (cash + 3.8M shares).
- Initial conversion price $29.22 per share, ~30% premium to $22.48 closing price on May 16, 2023.
- Notes mature June 1, 2029; coupon 2.875% vs prior 3.50% (2025) and 3.75% (2027).
- Entered into First Amendment to Loan and Security Agreement to permit the offering and exchanges.

## SEC filing metadata
- accession: 0001104659-23-063141
- form_type: 8-K
- ticker: VECO
- cik: 0000103145
- company_name: VEECO INSTRUMENTS INC
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/103145/000110465923063141/0001104659-23-063141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/103145/000110465923063141/tm2316279d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-063141
- JSON: https://secwatch.observer/filing/0001104659-23-063141.json
- Plain text: https://secwatch.observer/filing/0001104659-23-063141.txt

## Key facts
- Debt Financings
  VEECO INSTRUMENTS INC incurred convertible notes of $230 million aggregate principal amount with U.S. Bank Trust Company, National Association at 2.875% per year maturing June 1, 2029.
  - Instrument: convertible notes
  - Principal: $230 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 2.875% per year
  - Maturity: June 1, 2029
  - Event: incurrence
  source text: On May 19, 2023, the Company completed its private offering of $230 million aggregate principal amount of the Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/103145/000110465923063141/0001104659-23-063141-index.htm
- Material Agreements
  VEECO INSTRUMENTS INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $230 million aggregate principal amount of the Notes (effective 2023-05-19).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $230 million aggregate principal amount of the Notes
  - Effective: 2023-05-19
  source text: the Company entered into an Indenture, dated May 19, 2023 (the “Indenture”), with U.S. Bank Trust Company, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/103145/000110465923063141/0001104659-23-063141-index.htm
- Material Agreements
  VEECO INSTRUMENTS INC entered into 2.875% Convertible Senior Notes due 2029 with initial purchasers valued at $230 million aggregate principal amount of the Notes (effective 2023-05-19).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: initial purchasers
  - Value: $230 million aggregate principal amount of the Notes
  - Effective: 2023-05-19
  source text: riced its private offering of $205 million in aggregate principal amount of 2.875% Convertible Senior Notes due 2029 (the “Notes”). In addition, the Company granted the initial purchasers in the offering (the “Initial Purchasers”) a 30-day option to purchase
  evidence_url: https://www.sec.gov/Archives/edgar/data/103145/000110465923063141/0001104659-23-063141-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.