secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0000895419-24-000030
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed receives $500M additional deposit from Renesas under CRD Agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541924000030/0000895419-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541924000030/wolfspeed-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000895419-24-000030

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