Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
WOLFSPEED, INC. incurred senior notes of $1,250,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at (i) during the first three years after the Issue Date, at a rate of 9.875% per a maturing June 23, 2030.
- Instrument
- senior notes
- Principal
- $1,250,000,000 aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- (i) during the first three years after the Issue Date, at a rate of 9.875% per a
- Maturity
- June 23, 2030
- Event
- incurrence
Exact text from the filing
On June 23, 2023 (the " Issue Date "), in connection with a private placement and sale of $1,250,000,000 aggregate principal amount of senior secured notes due 2030 (the " Senior Notes ") of Wolfspeed, Inc. (the " Company "), the Company and U.S. Bank Trust Company, National Association, as the trustee and collateral agent (the " Agent "), executed an indenture (the " Indenture ") relating to the Senior Notes.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WOLFSPEED, INC. terminated Credit Agreement with Wells Fargo Bank, National Association valued at Revolving line of credit terminated and all outstanding obligations paid off (effective 2023-06-23).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- Revolving line of credit terminated and all outstanding obligations paid off
- Effective
- 2023-06-23
Exact text from the filing
In connection with the Company’s entry with the Indenture and issuance of the Senior Notes, the Company terminated the Credit Agreement, and paid off all outstanding obligations thereunder.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WOLFSPEED, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,250,000,000 aggregate principal amount of senior secured notes due 2030 (effective 2023-06-23).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $1,250,000,000 aggregate principal amount of senior secured notes due 2030
- Effective
- 2023-06-23
Exact text from the filing
On June 23, 2023 (the “ Issue Date ”), in connection with a private placement and sale of $1,250,000,000 aggregate principal amount of senior secured notes due 2030 (the “ Senior Notes ”) of Wolfspeed, Inc. (the “ Company ”), the Company and U.S. Bank Trust Company, National Association, as the trustee and collateral agent (the “ Agent ”), executed an indenture (the “ Indenture ”) relating to the Senior Notes.
View on SEC.gov