Veeco Instruments Announces Exchange and Cancellation of 3.75% Convertible Notes Due 2027, Strengthening Balance Sheet
Veeco Instruments Inc. announced the completion of exchange transactions concerning its 3.75% Convertible Senior Notes due 2027. Through privately negotiated agreements, the company exchanged these notes for approximately 1.6 million newly issued shares of its common stock and around $5.4 million in cash. This move follows the settlement of their 2025 Notes in January and aims to enhance Veeco's financial flexibility by reducing interest expenses and outstanding debt.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Veeco Instruments Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9452791-en) on May 15, 2025, and is solely responsible for the information contained therein.
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