Veeco Instruments Inc. Expands Credit Facility to $250 Million and Extends Termination Date to 2030 with Fourth Amendment to Loan Agreement

Reuters
06-18
Veeco Instruments Inc. Expands Credit Facility to $250 Million and Extends Termination Date to 2030 with Fourth Amendment to Loan Agreement

Veeco Instruments Inc. has announced a significant update to its existing corporate financing arrangements by entering into a Fourth Amendment to the Loan and Security Agreement on June 16, 2025. The amendment, involving HSBC Bank USA, National Association, Barclays Bank PLC, Santander Bank, N.A., and Citibank, N.A., brings several key changes. Notably, it increases the maximum principal amount of the senior secured revolving credit facility from $225 million to $250 million and extends the termination date to June 16, 2030, with a potential early maturity date in 2029 under certain conditions. Additionally, the amendment reduces the applicable margin rates and raises the cap on incremental revolving loans from $75 million to $100 million, while also adjusting leverage ratio covenants to provide Veeco with enhanced operational flexibility.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-060323), on June 17, 2025, and is solely responsible for the information contained therein.

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