Wolfspeed Entered Into Restructuring Support Pact

Wolfspeed entered into a restructuring support agreement with key lenders that is expected to reduce the company’s overall debt by about 70%.

• Existing equity holders to receive 3-5% of new common equity
• Company expects to complete the restructuring process expeditiously by end of 3Q 2025
  • Post-restructuring, Wolfspeed operations expected to be fully funded through cash flow generation
• Management team to focus on profitability and long-term growth as advisory team navigates restructuring process
• NOTE: Renesas Sees Loss From Wolfspeed Restructuring Agreement

To view the source of this information, click here

To contact the reporter on this story:
Tim Smith in Sydney ...