Wolfspeed announces pricing of upsized $1,525 million convertible senior notes offering

Durham, n.c.--( business wire )--wolfspeed, inc. (nyse: wolf) (“wolfspeed”) today announced the pricing of $1,525.0 million aggregate principal amount of its 1.875% 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”). the offering size was increased from the previously announced offering size of $1,300.0 million aggregate principal amount of notes. in addition, wolfspeed has granted 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 $225.0 million aggregate principal amount of the notes.
WOLF Ratings Summary
WOLF Quant Ranking