11 January 2017

Veeco announces public offering of $200m convertible senior notes

Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA says that it has commenced an underwritten public offering of $200m of convertible senior notes due 2023.

Veeco expects to grant the underwriters a 30-day option to purchase up to an additional $30m of notes on the same terms and conditions, solely to cover over-allotments.

The offering is being made only via an effective shelf registration statement, including a prospectus supplement forming a part of the effective shelf registration statement. Copies of the preliminary prospectus supplement may be obtained, when available, from Barclays Capital Inc or Wells Fargo Securities LLC, which are acting as joint book-running managers for the offering.

Veeco intends to use the net proceeds from the offering to fund potential acquisitions, to repurchase shares, and for other general corporate purposes.

See related items:

Veeco grows gross margin despite revenue falling 9% in Q2 to $75.3m

Tags: Veeco MOCVD MBE ALD Wet processing

Visit: www.veeco.com