---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-126483"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2026-03-26T23:59:59+00:00"
generated_at: "2026-05-15T08:57:13.447681+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed issues $379M 3.5% convertible notes, redeems ~$476M senior debt

## Summary
- Issued $379M of 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 at a conversion price of ~$20.14.
- Raised ~$96.9M via sale of 3.25M shares at $18.458 and pre-funded warrants for 2M shares at $18.448.
- Used $475.9M gross proceeds to redeem ~$476M of Senior Secured Notes due 2030, reducing total debt by ~$97M.
- Expected to lower annual interest expense by ~$62M; cash, cash equivalents and short-term investments of ~$1.0B.
- Placement backed by T. Rowe Price and Fidelity Management & Research among other institutional investors.

## SEC filing metadata
- accession: 0001193125-26-126483
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2026-03-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/d916941d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-126483
- JSON: https://secwatch.observer/filing/0001193125-26-126483.json
- Plain text: https://secwatch.observer/filing/0001193125-26-126483.txt

## Key facts
- Debt Financings
  WOLFSPEED, INC. incurred convertible notes of $379,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 3.5% per year maturing March 15, 2031.
  - Instrument: convertible notes
  - Principal: $379,000,000 aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 3.5% per year
  - Maturity: March 15, 2031
  - Event: incurrence
  source text: On March 26, 2026, Wolfspeed, Inc. (the “Company”) issued $379,000,000 aggregate principal amount of its 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 (the “Notes”) in a private placement (the “Notes Placement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm
- Equity Issuances
  WOLFSPEED, INC. issued convertible note for $379,000,000 aggregate principal amount.
  - Security: convertible note
  - Consideration: $379,000,000 aggregate principal amount
  source text: On March 26, 2026, Wolfspeed, Inc. (the “Company”) issued $379,000,000 aggregate principal amount of its 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 (the “Notes”) in a private placement (the “Notes Placement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm
- Equity Issuances
  WOLFSPEED, INC. issued up to 2,000,000 shares of Common Stock of warrant to certain investors for $18.448 per Pre-Funded Warrant.
  - Security: warrant
  - Shares: up to 2,000,000 shares of Common Stock
  - Purchaser: certain investors
  - Consideration: $18.448 per Pre-Funded Warrant
  source text: On March 26, 2026, pursuant to the terms of the Securities Purchase Agreement, the Company issued and sold an aggregate of 3,250,030 shares of Common Stock (the “Shares”) and pre-funded warrants (the “Pre-Funded Warrants” and, together with the Shares and the Notes, the “Securities”) to purchase up to 2,000,000 shares of Common Stock. The price per Share was $18.458, and the price per Pre-Funded Warrant was $18.448, for aggregate gross proceeds of approximately $96.9 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm
- Equity Issuances
  WOLFSPEED, INC. issued 3,250,030 shares of Common Stock of common stock to certain investors for $18.458 per Share.
  - Security: common stock
  - Shares: 3,250,030 shares of Common Stock
  - Purchaser: certain investors
  - Consideration: $18.458 per Share
  source text: On March 26, 2026, pursuant to the terms of the Securities Purchase Agreement, the Company issued and sold an aggregate of 3,250,030 shares of Common Stock (the “Shares”) and pre-funded warrants (the “Pre-Funded Warrants” and, together with the Shares and the Notes, the “Securities”) to purchase up to 2,000,000 shares of Common Stock. The price per Share was $18.458, and the price per Pre-Funded Warrant was $18.448, for aggregate gross proceeds of approximately $96.9 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm
- Material Agreements
  WOLFSPEED, INC. entered into Indenture with U.S. Bank Trust Company, National Association and Wolfspeed Texas LLC valued at $379,000,000 (effective 2026-03-26).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association and Wolfspeed Texas LLC
  - Value: $379,000,000
  - Effective: 2026-03-26
  source text: On March 26, 2026, Wolfspeed, Inc. (the “Company”) issued $379,000,000 aggregate principal amount of its 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 (the “Notes”) in a private placement (the “Notes Placement”). The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of March 26, 2026, among the Company, Wolfspeed Texas LLC (“Wolfspeed Texas”), as subsidiary guarantor (in such capacity, the “Guarantor”), and U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”) and collateral agent (in such capacity, the “Collateral Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm
- Material Agreements
  WOLFSPEED, INC. amended 2L Renesas Supplemental Indenture with U.S. Bank Trust Company, National Association and Wolfspeed Texas LLC (effective 2026-03-26).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association and Wolfspeed Texas LLC
  - Effective: 2026-03-26
  source text: the Company entered into that certain First Supplemental Indenture (the “2L Renesas Supplemental Indenture”), dated as of March 26, 2026, among the Company, Wolfspeed Texas, as subsidiary guarantor (in such capacity, the “2L Renesas Guarantor”), and U.S. Bank Trust Company, National Association, as trustee and collateral agent (in such capacities, the “2L
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm
- Material Agreements
  WOLFSPEED, INC. amended 2L Non-Renesas Supplemental Indenture with U.S. Bank Trust Company, National Association and Wolfspeed Texas LLC (effective 2026-03-26).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association and Wolfspeed Texas LLC
  - Effective: 2026-03-26
  source text: the Company entered into that certain First Supplemental Indenture (the “2L Non-Renesas Supplemental Indenture”), dated as of March 26, 2026, among the Company, Wolfspeed Texas, as subsidiary guarantor (in such capacity, the “2L Non-Renesas Guarantor”), and U.S. Bank Trust Company, National Association, as trustee and collateral agent (in such capacities, the “2L Non-Renesas Agent”) to supplement and amend certain covenants of the Company under that certain Indenture, dated as of September 29, 2025, by and among the Company, the 2L Non-Renesas Guarantor and the 2L Non-Renesas Agent governing the Company’s outstanding 2.5% Convertible Second-Lien Senior Secured Notes due 2031 (the “2L Non-Renesas Indenture”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm
- Material Agreements
  WOLFSPEED, INC. amended 1L Supplemental Indenture with U.S. Bank Trust Company, National Association and Wolfspeed Texas LLC (effective 2026-03-26).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association and Wolfspeed Texas LLC
  - Effective: 2026-03-26
  source text: the Company entered into that certain First Supplemental Indenture (the “1L Supplemental Indenture”), dated as of March 26, 2026, among the Company, Wolfspeed Texas, as subsidiary guarantor (in such capacity, the “1L Guarantor”), and U.S. Bank Trust Company, National Association, as trustee and collateral agent (in such capacities, the “1L Indenture Agent”) to amend and waive certain provisions of that certain Indenture, dated as of September 29, 2025, by and among the Company, the 1L Guarantor and the 1L Indenture Agent governing the Senior Notes (the “1L Indenture”) and to permit the Company and the 1L Guarantor to enter into the Indenture and the Company to issue the Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.