Veeco Instruments Inc. $125 Million Convertible Senior Notes Offering

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 $125 million of its 3.750% convertible senior notes due 2027. In addition, Davis Polk advised the counterparties to capped call transactions in connection with the offering.

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

The Davis Polk capital markets team included partner Derek Dostal and associates Stephen A. Byeff and Shuang Ci. The equity derivatives team included partner Mark M. Mendez and associates Annie Li and Danielle Forni. Partner Lucy W. Farr provided tax advice. Counsel David A. Zilberberg provided environmental advice. Partner Pritesh P. Shah and associate Daniel P. Kearney provided intellectual property advice. All members of the Davis Polk team are based in the New York office.