---
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"
generated_at: "2026-05-19T04:04:36.529734+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-060323
- JSON: https://secwatch.observer/filing/0001104659-25-060323.json
- Plain text: https://secwatch.observer/filing/0001104659-25-060323.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $250,000,000
  - Counterparty: HSBC Bank USA, National Association
  - Rate: decrease in the applicable margin (a) with respect to the alternative base rate,
  - Maturity: June 16, 2030
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/103145/000110465925060323/0001104659-25-060323-index.htm

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