secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2023-06-26T23:59:59+00:00
Accession:  0001193125-23-174504
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed issues $1.25B secured notes at 9.875% for capacity expansion; led by Apollo Credit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/d462549d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-174504

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