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.
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