The 2.875% convertible senior notes are due 2029

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A offering by Veeco Instruments Inc. of an aggregate principal amount of $230 million of its 2.875% convertible senior notes due 2029, which included $25 million principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.

Veeco is an innovative manufacturer of semiconductor process equipment. Its laser annealing, ion beam, chemical vapor deposition, metal organic chemical vapor deposition, single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices.

The Davis Polk capital markets team included partner Derek Dostal, counsel Stephen A. Byeff and associate Rachel Jang. The equity derivatives team included partner Mark M. Mendez, counsel Katharine O’Banion and associate Alexander S. Pettingell. Partner Lucy W. Farr and associate Yueyu Yang provided tax advice. Counsel David A. Zilberberg provided environmental advice. Partner Pritesh P. Shah provided intellectual property advice. All members of the Davis Polk team are based in the New York office.