<div><div></div><div>Wolfspeed announced multiple private financing agreements to strengthen its balance sheet and refinance near-term debt. The company priced $379.0 million of 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031, guaranteed by Wolfspeed Texas and secured by substantially all assets, with an initial conversion price of $20.14 per share. In a concurrent equity private placement, Wolfspeed will raise approximately $96.9 million through 3,250,030 common shares and pre-funded warrants for up to 2,000,000 shares. Proceeds from these transactions are expected to help redeem approximately $475.9 million of senior secured notes due 2030, with closings targeted for March 26, 2026.Agreement 1: Wolfspeed Prices $379 Million 3.5% Convertible 1.5-Lien Notes Due 2031<ul><li>Agreement type: Convertible 1.5-lien senior secured notes due 2031 (3.5%)</li><li>Counterparty: Investor Parties; Wolfspeed Texas (guarantor)</li><li>Signed / Effective: Mar 19 2026 / Mar 26 2026</li><li>Duration / Termination: Until 2031 maturity</li><li>Reason: Refinance 2030 senior secured notes and enhance liquidity</li></ul>Agreement 2: Wolfspeed Raises $96.9 Million via Private Equity and Pre-Funded Warrants<ul><li>Agreement type: Private placement of common stock and pre-funded warrants</li><li>Counterparty: Certain Investors</li><li>Signed / Effective: Mar 19 2026 / Mar 26 2026</li><li>Duration / Termination: At will</li><li>Reason: Support debt redemption and balance sheet flexibility</li></ul>Agreement 3: Wolfspeed Grants Registration Rights for Private Placement Securities<ul><li>Agreement type: Registration Rights Agreement for resale of shares and warrant shares</li><li>Counterparty: Equity Securities Investors</li><li>Signed / Effective: Mar 19 2026 / Mar 26 2026</li><li>Duration / Termination: Until no registrable securities remain</li><li>Reason: Provide liquidity to investors in private placements</li></ul>Original SEC Filing: WOLFSPEED, INC. [ WOLF ] - 8-K - Mar. 19, 2026<section>Disclaimer<div>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</div></section></div></div>

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Wolfspeed has secured $379 million in 3.5% Convertible Senior Secured Notes due 2031 and $96.9 million through a private equity placement to refinance its 2030 debt. The financing aims to enhance liquidity and support the redemption of approximately $475.9 million in senior secured notes due 2030. The transactions are expected to close on March 26, 2026, and include registration rights for investors.

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Wolfspeed Secures $379 Million Convertible Notes and $96.9 Million Equity to Refinance 2030 Debt