Brief: Wolfspeed Takes Next Step to Implement Restructuring Support Agreement and Proactively Strengthen Capital Structure

Wolfspeed (Pre-Reincorporation)

30/06/2025 22:23

June 30 (Reuters) - Wolfspeed Inc WOLF.N:

WOLFSPEED TAKES NEXT STEP TO IMPLEMENT RESTRUCTURING SUPPORT AGREEMENT AND PROACTIVELY STRENGTHEN CAPITAL STRUCTURE

WOLFSPEED INC - INITIATES PRE-PACKAGED RESTRUCTURING PROCESS WITH STRONG SUPPORT OF KEY LENDERS, EXPECTS TO EMERGE BY 3QCY25

WOLFSPEED INC - HAS ~$1.3B CASH AS OF 3QFY25

WOLFSPEED INC - FILES FOR REORGANIZATION UNDER CHAPTER 11

WOLFSPEED INC - UPON EMERGENCE FROM THE PROCESS, EXPECTS TO REDUCE DEBT BY ~$4.6 BILLION

Source text: ID:nBw2gh2nda

Further company coverage: WOLF.N

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