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Prospect News home > News index > List of issuers Calendar > Headlines for 2023 > News item
Published on 5/16/2023 in the Prospect News Convertibles Daily.

Convertibles Calendar: Veeco on tap

May 16

VEECO INSTRUMENTS INC.

• $200 million six-year convertible notes

• $30 million greenshoe

• Coupon of 2.5% to 3% and initial conversion premium of 30% to 35%

• Non-callable until June 8, 2026 and then subject to a 130% hurdle

• Rule 144A

• Barclays (lead left), Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Goldman Sachs & Co. LLC and Oppenheimer & Co. Inc.

• Proceeds to cover the cost of privately negotiated exchanges for the company’s 3.5% convertible notes due 2025 and/or 3.75% convertible notes due 2027 and for general corporate purposes.

• Plainview, N.Y.-based semiconductor process equipment manufacturer


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