Wolfspeed announces $1.25 billion funded secured notes led by apollo credit funds

Durham, n.c.--(business wire)--wolfspeed, inc. (nyse: wolf), the global leader in silicon carbide technology, today announced a $1.25 billion secured note financing from an investment group led by apollo (nyse: apo), with an accordion feature for up to an additional $750 million. the financing supports the company's previously announced u.s. expansion efforts and is a significant step toward achieving the company's $6.5 billion global capacity expansion plan. execution of wolfspeed's u.s. growt.
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