Wolfspeed’s Junior Creditors Extend Rescue Financing, FT Reports

Wolfspeed Inc.’s junior creditors have offered rescue financing to chipmaker to avert a potential bankruptcy filing, Financial Times reports, without making it clear where it got the information.

• A group of hedge funds and other investors have sent a proposal to provide Wolfspeed roughly $600m to refinance a convertible bond due in 2026
• NOTE: Wolfspeed Drops as Going Concern Risk Spurs Cuts: Street Wrap

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Tuhin Kar

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