Veeco Instruments Inc. $(VECO)$ announced on May 15, 2025, that it has completed private exchange transactions with the holders of its 3.75% Convertible Senior Notes due 2027. The company exchanged the remaining notes, which had a principal amount of $25 million, for approximately 1.6 million newly issued shares of its common stock and around $5.4 million in cash, including accrued interest. This move is aimed at strengthening Veeco's balance sheet by reducing its ongoing interest expenses and outstanding debt, following the settlement of its 2025 notes earlier in the year. The exchanges were facilitated without registration under the Securities Act, utilizing an exemption, with ICR Capital LLC serving as the financial advisor.
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