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26.03.26 - 21:09
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Strategic Refinancing and New Equity Issuance Support Wolfspeed′s Long-term Growth Potential (Business Wire)
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Reduces Senior Secured Note Balance by approximately $475.9 Million
Funding Led by T. Rowe Price accounts, Fidelity Management & Research Company, and other New and Existing Institutional Investors Signals Confidence in Company's Long-Term Growth Potential
Transaction Summary:
Issues $379 million aggregate principal amount of new 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031
Issues approximately $96.9 million of common stock and pre-funded warrants, all issued at a 10% premium over the closing price of March 18, 2026
Aggregate gross proceeds of approximately $475.9 million used to reduce existing Senior Secured Note balance by approximately 43%
Reduces total debt by approximately $97 million
Expected to lower annual interest expense by approximately $62 million
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed” or the “Company”), a global leader in silicon carbide technology, today announced the closing of its previously announced private placements of convertible ...
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19.03.26 - 14:00
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Wolfspeed Announces Subscriptions for $379 Million of Convertible Notes and $96.9 Million of Common Stock and Pre-Funded Warrants (Business Wire)
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Pursuant to the Company's focus on strengthening its capital structure, the Company is raising capital from new and existing investors, with the proceeds intended to reduce highest cash cost debt, lower annual interest expense, and reduce total debt
Gross proceeds from the Private Placements to redeem approximately $475.9 million of the outstanding Senior Notes
Issues approximately $60.0 million of new shares of common stock at a 10.0% premium over the closing price on March 18, 2026
Efforts to strengthen the balance sheet support initiatives to diversify key end markets and capture opportunities in emerging high-voltage applications including AI data centers, industrial and energy, and aerospace and defense markets
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed”) today announced that on March 19, 2026, it entered into separate, privately negotiated subscription agreements with investors pursuant to which Wolfspeed will place (i) $379,000,000 aggregate principal amount of its...
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13.03.26 - 13:06
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Wolfspeed Appoints Silicon Carbide Industry Veteran Daihui Yu as Regional President, Greater China (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed is pleased to announce the appointment of Daihui Yu as regional president for Greater China, effective March 16, 2026. In this key leadership position, Yu will oversee the expansion of the company's business across mainland China, Hong Kong and Taiwan, utilizing his substantial expertise to drive sales growth and strengthen our brand presence in the region.
Yu holds a degree in electrical engineering from Wuhan University of Technology and an MBA from Tsinghua University.
Prior to joining Wolfspeed, Yu served more than 12 years with Infineon Technologies as senior vice president and head of infrastructure and industry business for Greater China, managing regional sales and marketing functions. Before that, Yu spent 15 years at Schneider Electric in various sales and marketing management roles, accumulating comprehensive experience across diverse industries. He began his career as a control systems R&D engineer at the China Academy of Space Technology.
As regional ...
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17.02.26 - 14:06
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Wolfspeed Strengthens Global Sales Leadership with Addition of Semiconductor Leader, Stefan Steyerl, as VP of Sales, EMEA (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology and manufacturing, today announced the appointment of Stefan Steyerl as vice president of sales, EMEA. Effective March 1, 2026, Steyerl will develop and execute Wolfspeed's regional sales strategy, driving adoption of silicon carbide solutions across automotive, industrial, and energy markets as Wolfspeed accelerates the adoption of silicon carbide technology to expand its market footprint and deliver revenue growth across the region.
Steyerl brings more than 25 years of experience in the semiconductor industry, with a proven track record of building high-performance teams and achieving revenue growth across global markets. Most recently, he served as vice president of sales for EMEA at Allegro MicroSystems, where he developed and executed regional go-to-market strategies and strengthened executive-level customer relationships. Prior to that, Steyerl held senior leadership roles at Analog Devices, o...
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04.02.26 - 22:09
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Wolfspeed Reports Financial Results for the Second Quarter of Fiscal 2026 (Business Wire)
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AI Datacenter Revenue up 50% QoQ
$200 Million Annualized Operating Expense Reduction Compared to Q2 FY 2025
Capital Expenditures Down by 90% Year over Year
Strong Balance Sheet Ending with $1.3 Billion in Cash, Cash Equivalents and Short-term InvestmentsDURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2026.
Business Highlights
Received approximately $700 million in Section 48D cash tax refunds and applied $175 million of the proceeds, net of make-whole premiums, toward the retirement of long-term debt.
$1.3 billion of cash, cash equivalents and short term investments as of December 28, 2025.
Working capital improvements (excluding liability management costs) contributing approximately $90 million.
Further reduction of operating costs and capital expenditures ahead of plan resulted in a cumulative reduction of operating expenses of approximately $200 million on an annualized basis, with capital expenditures down 90%, compared to second...
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