Wolfspeed announces offering of $1,300 million of convertible senior notes

Durham, n.c.--( business wire )--wolfspeed, inc. (nyse: wolf) (“wolfspeed”) today announced that it intends to offer, subject to market conditions and other factors, $1,300 million aggregate principal amount of its convertible senior notes due 2029 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). in addition, wolfspeed expects to grant the initial purchasers of the notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the notes are first issued, up to an additional $200 million aggregate principal amount of the notes.
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