Wolfspeed takes next step to implement restructuring support agreement and proactively strengthen capital structure

Durham, n.c.--(business wire)--wolfspeed, inc. (nyse: wolf), a global leader in silicon carbide technologies, today announced that it has taken the next step to implement its previously announced restructuring support agreement (“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. upon emergence.
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