Wolfspeed completes $475.9 million refinancing with convertible notes

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Go back to Wolfspeed completes $475.9 million refinancing with convertible notes

Strategic Refinancing and New Equity Issuance Support Wolfspeed’s Long-term Growth Potential

March 26, 2026 4:05 PM EDT

Reduces Senior Secured Note Balance by approximately $475.9 Million

Funding Led by T. Rowe Price accounts, Fidelity Management & Research Company, and other New and Existing Institutional Investors Signals Confidence in Companys Long-Term Growth Potential

Transaction Summary:

Issues $379 million aggregate principal amount of new 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031

Issues approximately $96.9 million of common stock and pre-funded warrants, all issued at a 10% premium over the closing price of March 18, 2026

Aggregate gross proceeds of approximately $475.9 million used to reduce existing Senior Secured Note balance by... More