Wolfspeed takes proactive step to strengthen financial foundation anticipating scalable, profitable growth

Durham, n.c.--(business wire)--wolfspeed, inc. (nyse: wolf) (“wolfspeed” or the “company”) today announced that, as part of its efforts to proactively strengthen its capital structure, it entered into a restructuring support agreement (the “rsa”) with key lenders, including (i) holders of more than 97% of its senior secured notes, (ii) renesas electronics corporation's wholly owned u.s. subsidiary and (iii) convertible debtholders holding more than 67% of the outstanding convertible notes. the.
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