Wolfspeed Takes Next Step to Implement Restructuring Support Agreement and Proactively Strengthen Capital Structure
ReutersJun 30, 2025 9:23 PM
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
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