Wolfspeed Inc. Enters Restructuring Agreement to Slash Debt by 70% and Strengthen Financial Stability
Wolfspeed, Inc. has entered a Restructuring Support Agreement with key lenders to strengthen its capital structure, reducing overall debt by approximately 70%, or $4.6 billion. This will decrease annual cash interest payments by about 60%. The company will continue operations, ensuring vendor payments and employee compensation during the restructuring process, aiming for long-term growth in the silicon carbide market. Further details will be provided in an upcoming Form 8-K filing with the SEC.
Wolfspeed, Inc. has announced its entry into a Restructuring Support Agreement (RSA) with key lenders as part of efforts to strengthen its capital structure. The agreement includes holders of over 97% of its senior secured notes and more than 67% of its convertible debtholders. This restructuring is expected to reduce the company’s overall debt by approximately 70%, equating to a $4.6 billion reduction, and decrease its annual cash interest payments by about 60%. Wolfspeed will continue operations and plans to pay vendors and support employee compensation and benefits throughout the restructuring process. This proactive measure aims to better position the company for long-term growth and profitability while maintaining its leadership in the silicon carbide market. Further details will be available in the company’s forthcoming Form 8-K filing with the SEC. 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: 20250622713624) on June 22, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)