---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-416987"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2026-10-07T20:18:06+00:00"
generated_at: "2026-10-12T15:50:55.781329+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed signs conditional $1.5B U.S. Department of War loan commitment; DoW warrants would cover 7.5% of equity

## Summary
- Wolfspeed entered a conditional commitment letter with the U.S. Department of War's Office of Strategic Capital for a senior secured delayed draw term loan of up to $1.5 billion.
- Four tranches: $600M initial, then $900M in $200M-$400M draws. Initial proceeds refinance the first lien notes due 2030; later draws fund domestic SiC and GaN production and GaN-on-SiC RF epitaxy.
- The Facility would have a 30-year maturity, 36-month commitment period and interest at the Treasury rate plus a provisionally set 1.25%-1.75% risk premium; first five years are interest-only.
- Conditions include Congressional authorization and appropriations, OMB concurrence, equitizing most outstanding convertible notes, and $750M of Qualifying Sources raised after June 28, 2026.
- DoW would get warrants for 5% plus 2.5% of fully diluted equity at VWAP-based prices with a 10-year term; OSC gets a non-voting board observer and the CEO must be a permitted-jurisdiction national.

## SEC filing metadata
- accession: 0001193125-26-416987
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2026-10-07T20:18:06+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000119312526416987/0001193125-26-416987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000119312526416987/d122407d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-416987
- JSON: https://secwatch.observer/filing/0001193125-26-416987.json
- Plain text: https://secwatch.observer/filing/0001193125-26-416987.txt

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