Wolfspeed announces offering of $500 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, $500 million aggregate principal amount of its convertible senior notes due 2028 (the “notes”) in a private offering (the “offering”) to 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
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