---
title: "Wolfspeed Secures $379 Million Convertible Notes and $96.9 Million Equity to Refinance 2030 Debt"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279845418.md"
description: "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."
datetime: "2026-03-19T20:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279845418.md)
  - [en](https://longbridge.com/en/news/279845418.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279845418.md)
---

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

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**

-   **Agreement type**: Convertible 1.5-lien senior secured notes due 2031 (3.5%)
-   **Counterparty**: Investor Parties; Wolfspeed Texas (guarantor)
-   **Signed / Effective**: Mar 19 2026 / Mar 26 2026
-   **Duration / Termination**: Until 2031 maturity
-   **Reason**: Refinance 2030 senior secured notes and enhance liquidity

**Agreement 2: Wolfspeed Raises $96.9 Million via Private Equity and Pre-Funded Warrants**

-   **Agreement type**: Private placement of common stock and pre-funded warrants
-   **Counterparty**: Certain Investors
-   **Signed / Effective**: Mar 19 2026 / Mar 26 2026
-   **Duration / Termination**: At will
-   **Reason**: Support debt redemption and balance sheet flexibility

**Agreement 3: Wolfspeed Grants Registration Rights for Private Placement Securities**

-   **Agreement type**: Registration Rights Agreement for resale of shares and warrant shares
-   **Counterparty**: Equity Securities Investors
-   **Signed / Effective**: Mar 19 2026 / Mar 26 2026
-   **Duration / Termination**: Until no registrable securities remain
-   **Reason**: Provide liquidity to investors in private placements

Original SEC Filing: WOLFSPEED, INC. \[ WOLF \] - 8-K - Mar. 19, 2026

**Disclaimer**

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.

### Related Stocks

- [WOLF.US](https://longbridge.com/en/quote/WOLF.US.md)
- [SMH.US](https://longbridge.com/en/quote/SMH.US.md)
- [XSD.US](https://longbridge.com/en/quote/XSD.US.md)
- [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md)
- [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md)

## Related News & Research

- [Wolfspeed appoints executives to strengthen leadership team](https://longbridge.com/en/news/284801327.md)
- [Assessing Wolfspeed (WOLF) Valuation After Recent Share Price Momentum](https://longbridge.com/en/news/283900272.md)
- [Bachem Annual General Meeting 2026 | BCHMY Stock News](https://longbridge.com/en/news/284610952.md)
- [Mineros S.A. Q1 2026 Results Conference Call to Be Held May 7, 2026 | MNSAF Stock News](https://longbridge.com/en/news/284595124.md)
- [Q1 2026 press release | AFLYY Stock News](https://longbridge.com/en/news/284703491.md)