{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-174504","form_type":"8-K","ticker":"WOLF","cik":"0000895419","company_name":"WOLFSPEED, INC.","filed_at":"2023-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.701734+00:00","generated_at":"2026-06-13T17:27:29.038148+00:00","sec_items":["1.01","1.02","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Wolfspeed issues $1.25B secured notes at 9.875% for capacity expansion; led by Apollo Credit","bullets":["Issued $1.25B senior secured notes due 2030; initial interest 9.875% stepping to 11.875% after 4 years.","Accordion feature allows up to $750M additional notes; proceeds for U.S. capacity expansion at Mohawk Valley Fab and Siler City.","Terminated existing credit agreement with Wells Fargo; all outstanding obligations paid off.","Investment led by Apollo Credit; Wells Fargo and Morgan Stanley acted as financial advisors."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-174504","json":"https://secwatch.observer/filing/0001193125-23-174504.json","markdown":"https://secwatch.observer/filing/0001193125-23-174504.md","text":"https://secwatch.observer/filing/0001193125-23-174504.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/d462549d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T17:27:29.038148+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":"2afb05f9e49560ef536076cd64f5a6ce382b8f49","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$1,250,000,000 aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"(i) during the first three years after the Issue Date, at a rate of 9.875% per a"},{"label":"Maturity","value":"June 23, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"71eeb3612bf065d16a697f9c349f97380c3fddf3","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"Revolving line of credit terminated and all outstanding obligations paid off"},{"label":"Effective","value":"2023-06-23"}],"fact_type":"material_agreement"},{"claim_id":"e5705bc68d908d8ac9b088ae324b259da6ec86f4","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$1,250,000,000 aggregate principal amount of senior secured notes due 2030"},{"label":"Effective","value":"2023-06-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}