Veeco Instruments amends credit facility, raising revolver to $250 million and extending to 2030
Veeco Instruments entered a Fourth Amendment to its loan and security agreement on June 16, 2025. The amendment raises its senior secured revolving credit facility by $25 million to $250 million, extends the termination date to June 16, 2030, and lowers borrowing margins. It also raises the maximum Secured Net Leverage Ratio covenant from 2.50 to 1.00 to 3.00 to 1.00, giving the company more room under its debt limits.
Key points
- Revolving credit facility increased by $25 million to $250 million
- Termination date extended from December 16, 2026 to June 16, 2030, with a springing maturity of March 2, 2029 if certain liquidity events occur
- Maximum Secured Net Leverage Ratio covenant raised from 2.50 to 1.00 to 3.00 to 1.00
- Incremental revolving loan capacity increased from $75 million to $100 million
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 17, 2025.
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