Wolfspeed publishes private placement presentation; total debt drops to $1.8 billion due to ~$97 million reduction

Reuters03-27

Wolfspeed publishes private placement presentation; total debt drops to $1.8 billion due to ~$97 million reduction

Wolfspeed said it completed a private placement that issued USD 379 million of 1.5 lien convertible senior secured notes due 2031 with a 3.5% cash coupon.
The presentation said the transactions reduced existing 13.875% first-lien debt by about USD 475.9 million and lowered total debt by about USD 97 million.
It also reported expected annual interest savings of about USD 62 million and a new blended cash interest rate of about 8.1%.
Equity financing included about USD 96.9 million, comprising 3,250,030 common shares and 2,000,000 pre-funded warrants.
Wolfspeed reported a cash balance of about USD 1 billion.

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 on March 26, 2026, and is solely responsible for the information contained therein.

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