Veeco Instruments amends loan agreement, raising revolving credit facility to $225 million
On August 2, 2024, Veeco entered a Third Amendment to its Loan and Security Agreement with HSBC Bank USA as administrative agent. The amendment increases the senior secured revolving credit facility by $75 million to $225 million and adds Citizens Bank, N.A. as a lender. The filing does not state the reason for the increase or any draw on the facility.
- Revolving credit facility increased by $75 million, from an unstated prior amount to $225 million aggregate principal
- Citizens Bank, N.A. joined the Loan and Security Agreement as a lender
- Agreement is dated as of December 16, 2021, and was previously amended in May 2023 and March 2024
- Full terms are in Exhibit 10.1 filed with the 8-K