Veeco Announces Private Exchanges and Cancellation of Remaining 3.75% Convertible Notes Due 2027 - Veeco Instruments (NASDAQ:VECO)

Veeco Announces Private Exchanges and Cancellation of Remaining 3.75% Convertible Notes due 2027 - Veeco Instruments (NASDAQ:VECO)

PLAINVIEW, N.Y., May 15, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) (the "Company" or "Veeco") today announced that the Company completed separate exchange transactions (the "Exchanges") pursuant to privately negotiated exchange agreements with the holders of all of its outstanding 3.75% Convertible Senior Notes due 2027 (the "2027 Notes").  "Veeco has strengthened our balance sheet by proactively addressing our 2027 Notes fol…

Veeco Strengthens Balance Sheet: Converts $25M Notes to Stock, Slashes Interest Expenses

Veeco exchanges $25M convertible notes for 1.6M shares and cash, eliminating debt and reducing interest expense. Learn how this strategic move enhances financial flexibility.