Strategic Refinancing and New Equity Issuance Support Wolfspeed's Long-term Growth Potential

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed” or the “Company”), a global leader in silicon carbide technology, today announced the closing of its previously announced private placements of convertible notes, common stock, and pre-funded warrants (the “Private Placements”). In connection with the Private Placements, the Company redeemed approximately $475.9 million of the Company's outstanding Senior Secured Notes due 2030 (the “Senior Secured Notes”), which is expect.