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The company agreed with top creditors to exchange most of its debt for equity and file a near-term bankruptcy.
Wolfspeed said the bankruptcy was part of a planned restructuring which would cut its overall debt by around 70%, or $4.6 ...
Wolfspeed anticipates emerging from bankruptcy by the end of September after it has slashed 70% of its debt. Under its ...
Wolfspeed shares plunged 30% to an all-time low Monday as the struggling chipmaker announced it had filed for Chapter 11 ...
The restructuring support agreement (RSA) will see the company receive $3 billion in convertible bonds and a $2bn loan from ...
The US chip manufacturer Wolfspeed wanted to expand in Germany with chips for electric cars. The company has now reached an ...
Durham-based semiconductor company Wolfspeed has announced its restructuring plan as it files for bankruptcy. Wolfspeed has ...
The agreement seeks to decrease the company's debt by roughly 70%, equating to $4.6bn, and reduce annual cash interest ...
According to a statement from Wolfspeed, it reached a restructuring support agreement with key lenders that they say will ...
Wolfspeed has announced that it will be filing for Chapter 11 bankruptcy in the near future as part of a restructuring ...
Wolfspeed plans to file for bankruptcy in the United States under a restructuring agreement with creditors, which would ...
Struggling chipmaker Wolfspeed Inc. will be taken over by creditors including Apollo Global Management Inc. under a proposal ...