Wolfspeed amends Renesas deposit agreement to allow PIK interest, liens for CHIPS Act grants

WOLFSPEED, INC.

Amendment permits paying accrued interest in kind (PIK) at 15% annual rate instead of cash, adding to principal.
Wolfspeed may grant liens on certain Siler City, NC assets in connection with CHIPS Act disbursements.
Company may elect to pay portion of interest on senior secured notes in-kind under certain limitations.
Amendment dated October 15, 2024; filed as Exhibit 4.1 to Form 8-K.

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