Apollo Global Management (APO) has engaged Moelis (MC) as it negotiates a possible debt restructuring with Wolfspeed (WOLF), The Wall Street Journal reported Tuesday, citing people familiar with the matter.
Apollo leads a group that holds $1.5 billion in senior secured loans, according to the report.
Apollo, Moelis and Wolfspeed did not immediately reply to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 146.74, Change: +3.29, Percent Change: +2.29
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.