secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0000908255-22-000047
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BorgWarner to invest up to $500M in Wolfspeed convertible note; secures SiC supply
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825522000047/0000908255-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825522000047/bwa-20221116.htm
  HTML page:      https://secwatch.observer/filing/0000908255-22-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer