secwatch.observer — SEC 8-K summary
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Issuer:     VEECO INSTRUMENTS INC (VECO)
CIK:        0000103145
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001104659-23-063141
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103145/000110465923063141/0001104659-23-063141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103145/000110465923063141/tm2316279d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-063141

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