{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-060323","form_type":"8-K","ticker":"VECO","cik":"0000103145","company_name":"VEECO INSTRUMENTS INC","filed_at":"2025-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.212725+00:00","generated_at":"2026-05-19T04:04:36.529734+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Veeco ups revolver to $250M, extends maturity to 2030, lowers pricing, loosens covenant","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-060323","json":"https://secwatch.observer/filing/0001104659-25-060323.json","markdown":"https://secwatch.observer/filing/0001104659-25-060323.md","text":"https://secwatch.observer/filing/0001104659-25-060323.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/103145/000110465925060323/0001104659-25-060323-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/103145/000110465925060323/tm2518130d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T04:04:36.529734+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fa214e885f04028f5cd307ed8345fb4eeaa9d010","claim":"VEECO INSTRUMENTS INC amended revolving credit of $250,000,000 with HSBC Bank USA, National Association at decrease in the applicable margin (a) with respect to the alternative base rate, maturing June 16, 2030.","evidence_excerpt":"The Fourth Amendment provides for, among other things, (i) an increase to the maximum aggregate principal amount of the senior secured revolving credit facility by $25,000,000 to $250,000,000, (ii) the extension of the termination date from December 16, 2026 to June 16, 2030, subject to a springing maturity date of March 2, 2029 upon the occurrence of certain liquidity events described in the Fourth Amendment, (iii) a decrease in the applicable margin (a) with respect to the alternative base rate, from between 0.50% to 1.25%, to between 0.25% to 1.00%, and (b) with respect to the SOFR rate, from between 1.50% to 2.25% to between 1.25% to 2.00%","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/103145/000110465925060323/0001104659-25-060323-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$250,000,000"},{"label":"Counterparty","value":"HSBC Bank USA, National Association"},{"label":"Rate","value":"decrease in the applicable margin (a) with respect to the alternative base rate,"},{"label":"Maturity","value":"June 16, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}