Veeco ups revolver to $250M, extends maturity to 2030, lowers pricing, loosens covenant

VEECO INSTRUMENTS INC

Senior secured revolver increased by $25M to $250M maximum principal.
Termination date extended to June 16, 2030 (from Dec 16, 2026) with springing maturity.
Applicable margin decreased: ABR from 0.50%-1.25% to 0.25%-1.00%; SOFR from 1.50%-2.25% to 1.25%-2.00%.
Maximum incremental revolving loans raised to $100M; Secured Net Leverage Ratio covenant loosened to 3.00x from 2.50x.
Fourth Amendment effective June 16, 2025; borrowings used for general corporate purposes.

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