Veeco Instruments to repurchase some 2.7% convertibles due 2023

By Rebecca Melvin

New York, May 13 – Veeco Instruments Inc. plans to buy back a portion of its 2.7% convertible notes due 2023 with proceeds of a new deal, according to a company news release on Wednesday.

The buybacks will be conducted in privately negotiated transactions concurrently with the pricing of the new issue of $150 million of seven-year convertible notes.

Veeco Instruments is a Plainview, N.Y.-based manufacturer of semiconductor process equipment.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.