WOLFSPEED, INC. (WOLF): debt financing — Wolfspeed receives $500M additional deposit from Renesas under CRD Agreement

WOLFSPEED, INC.

Renesas America funded $500M additional deposit on Feb 27, 2024, per Company request.
Total deposits under CRD Agreement now $1.5B ($1B initial + $500M additional).
Additional fundings of up to $1B remain available at Company's election during 2024.
Interest and repayment terms remain as described in July 5, 2023 Form 8-K.
Obligation is unsecured customer refundable deposit; no new financial covenants disclosed.

item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WOLFSPEED, INC. incurred debt of $500 million with Renesas Electronics America Inc..

Principal: $500 million
Counterparty: Renesas Electronics America Inc.
Event: incurrence

Exact text from the filing

On February 27, 2024, Renesas America completed an Additional Funding in an aggregate principal amount of $500 million based on a request delivered by the Company.

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299 debt financings filed in the last 30 days. Browse all debt financings →

WOLFSPEED, INC. filing history →

Source: SEC EDGAR

accession 0000895419-24-000030

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