{"schema_version":"secwatch.filing_event.v1","accession":"0000908255-22-000047","form_type":"8-K","ticker":"BWA","cik":"0000908255","company_name":"BORGWARNER INC","filed_at":"2022-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.961449+00:00","generated_at":"2026-06-21T17:55:01.085619+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BorgWarner to invest up to $500M in Wolfspeed convertible note; secures SiC supply","bullets":["BorgWarner commits up to $500M to Wolfspeed's minimum $1B convertible debt offering.","Multiyear agreement gives BorgWarner capacity to buy up to $650M of SiC devices annually starting 2024.","Investment contingent on offering closing by May 15, 2023; final terms to be negotiated.","Wolfspeed (WOLF) is a semiconductor company focused on SiC and GaN technologies."],"urls":{"canonical":"https://secwatch.observer/filing/0000908255-22-000047","json":"https://secwatch.observer/filing/0000908255-22-000047.json","markdown":"https://secwatch.observer/filing/0000908255-22-000047.md","text":"https://secwatch.observer/filing/0000908255-22-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/908255/000090825522000047/0000908255-22-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/908255/000090825522000047/bwa-20221116.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T17:55:01.085619+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"065644f1790862c3905d681f347d6a3e35378cb9","claim":"BORGWARNER INC entered into a notes offering with Wolfspeed, Inc. valued at $500 million (effective 2022-11-16).","evidence_excerpt":"On November 16, 2022, BorgWarner Inc. (the “ Company ” or “ BorgWarner ”) entered into a letter agreement with Wolfspeed, Inc. (NYSE: WOLF) (“ Wolfspeed ”) under which BorgWarner agreed to invest up to $500 million in a not-less-than $1 billion convertible debt offering (the “ Offering ”) by Wolfspeed, a semiconductor company focused on silicon carbide and GaN technologies.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/908255/000090825522000047/0000908255-22-000047-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wolfspeed, Inc."},{"label":"Value","value":"$500 million"},{"label":"Effective","value":"2022-11-16"}],"fact_type":"material_agreement"},{"claim_id":"fcbff9482083c374b1a1ab2c153d3f15af53bace","claim":"BORGWARNER INC entered into a supply with Wolfspeed, Inc. valued at $650 million (effective 2022-11-16).","evidence_excerpt":"Simultaneously with the execution of the letter agreement, BorgWarner and Wolfspeed entered into an agreement under which Wolfspeed agreed to provide a silicon carbide manufacturing capacity corridor to BorgWarner. Under the multiyear agreement between BorgWarner and Wolfspeed, beginning in 2024, BorgWarner will be entitled to purchase up to $650 million of devices annually as BorgWarner requirements increase.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/908255/000090825522000047/0000908255-22-000047-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"Wolfspeed, Inc."},{"label":"Value","value":"$650 million"},{"label":"Effective","value":"2022-11-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}