---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-289993"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T15:28:57.941498+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed issues $1.75B of 1.875% convertible senior notes due 2029

## Summary
- $1,750M aggregate principal of 1.875% convertible notes due Dec 1, 2029; initial conversion price ~$118.88/share.
- Capped call transactions with initial cap price of $202.538 (130% premium) cost ~$273.9M to reduce dilution.
- Notes are senior unsecured; rank junior to secured debt; no subsidiary guarantees.
- Full exercise of initial purchasers' option to purchase additional $225M of notes.
- Offering exempt from registration under Rule 144A and Section 4(a)(2); ~19.87M shares potentially issuable.

## SEC filing metadata
- accession: 0001193125-22-289993
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000119312522289993/0001193125-22-289993-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000119312522289993/d409300d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-289993
- JSON: https://secwatch.observer/filing/0001193125-22-289993.json
- Plain text: https://secwatch.observer/filing/0001193125-22-289993.txt

## Key facts
- Debt Financings
  WOLFSPEED, INC. incurred convertible notes of $1,750 million with U.S. Bank Trust Company, National Association at 1.875% maturing December 1, 2029.
  - Instrument: convertible notes
  - Principal: $1,750 million
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 1.875%
  - Maturity: December 1, 2029
  - Event: incurrence
  source text: The Company completed the offering of $1,750 million aggregate principal amount of Notes on November 21, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312522289993/0001193125-22-289993-index.htm
- Material Agreements
  WOLFSPEED, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,750 million (effective 2022-11-21).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $1,750 million
  - Effective: 2022-11-21
  source text: On November 21, 2022, in connection with the previously announced private offering and sale of $1,750 million aggregate principal amount of 1.875% convertible senior notes due 2029 (the “ Notes ”) of Wolfspeed, Inc. (the “ Company ”), which includes the full exercise by the initial purchasers of the Notes (the “ Initial Purchasers ”) of their option to purchase up to $225 million aggregate principal amount of Notes, the Company and U.S. Bank Trust Company, National Association, as trustee, executed an indenture (the “ Indenture ”) relating to the Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312522289993/0001193125-22-289993-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.