Wolfspeed subscribes to USD 379 million 3.5% convertible 1.5 lien senior secured notes due 2031

Reuters

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Wolfspeed subscribes to USD 379 million 3.5% convertible 1.5 lien senior secured notes due 2031

Wolfspeed entered subscription agreements for a private placement of USD 379 million of 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031.
The company also agreed to sell USD 96.9 million of common stock and pre-funded warrants, bringing total gross proceeds across the transactions to about USD 475.9 million.
Wolfspeed said it plans to use the proceeds to redeem about USD 475.9 million of outstanding senior notes.
The notes have an initial conversion price of about USD 20.14 per share, representing a 20% conversion premium to the prior day’s closing price cited by the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wolfspeed Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260319053022) on March 19, 2026, and is solely responsible for the information contained therein.

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