Davis Polk advised the underwriters in connection with an SEC-registered offering of $345 million aggregate principal amount of Veeco’s 2.70% convertible senior notes due 2023, which included $45 million aggregate principal amount of notes issued pursuant to the full exercise of the underwriters’ over-allotment option to purchase additional notes. The net proceeds from the offering were approximately $335.4 million. Veeco’s common stock is listed on the NASDAQ Global Select Market under the symbol “VECO.”

Based in Plainview, New York, Veeco designs, develops, manufactures, markets and supports thin film equipment to meet the demands of key global trends such as improving energy efficiency, enhancing mobility and increasing connectivity. Its equipment is used to make electronic devices which enable these trends, including light emitting diodes, micro-electromechanical systems, wireless devices, power electronics, hard disk drives and semiconductors.

The Davis Polk capital markets team included partner Derek Dostal and associate Eileen Juyon Park. The Davis Polk equity derivatives team included partner Mark M. Mendez and associates Joshua A. Foran and Joseph Luizzi. Partner Michael Farber and associate Lena X. Qiu provided tax advice. Counsel David A. Zilberberg and associate Yuko Masunaga provided environmental advice. Partner Pritesh P. Shah provided intellectual property and technology advice. All members of the Davis Polk team are based in the New York office.

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