secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001193125-22-289993
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000119312522289993/0001193125-22-289993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000119312522289993/d409300d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-289993

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